John McKee
NN Retail Just closed for $580,000
Here is a deal deep dive that I wanted to share:The property is a a former bank building that is now a Vet office. Cap rate is about a 7%. The deal was financed with $280K in cash and the rest using a home equity li...
Jackie Sladky
Mortgage Broker for Minneapolis, Eden Prairie Area
I am about to purchase a second home in Eden Prairie for myself and my husband. I don't want to use the mortgage broker recommended by my agent. We should be able to make an offer in a week or so, amount is $475k, 2...
Sam Shin
VA funding fee refund
Has anybody taken the VA loan while in service then separate or retire with a disability rating and requested the VA funding fee refund...successfully?If so, please elaborate as I found nothing in writing on policy an...
Breelon Bryant
Construction/rehab loans: Can it be a 2nd mortgage
I got a 4plex under contract. I need 30k+ in repairs but I already have property in acquisition. Is there or can I get a second mortgage to rehab the property for a 30 year period? If so Someone tell me how or who
Sandra Andrews
Valuations on Self-Storage Units
I am interested in hearing from brokers and investors who buy and sell a lot of Self-Storage businesses on how Self-Storage is valued (i.e. is it on a multiple of cash flow like most other businesses, or is it based o...
Mick Saavedra
The "Refinance" Part
Hey guys, so I'm currently in the "Refinance" portion of my second BRRRR deal on a property that was purchased all cash- I just locked down a rate of 5.99%... definitely not ideal when compared to my first deal over a...
Jared Smith
Structuring Property MGT Contracts & CMHA Section 8
After self-managing for +6 yrs. I have officially hired my dad who loves it (believe it or not)! In the Cleveland Market, I am having other investors/friends/colleagues reach out on property management. Outside of t...
Darryl Jennings
Market Indicators for Newbies
What indicators do investors really look for that lets you know whether the market is up, down, or trending in a certain direction? How can you tell?
William Coet
Do Banks Do 30 Year Home Equity Loans?
Hello,
Do banks do 30 year home equity loans? If so, is it rare or common? And if so, is it more common for local or national banks to offer a 30 year term?
Thanks!
Tony C.
Advice for generating income thru home equity
As the value of my rental portfolio increases quite substantially, what would be the best strategies to use the home equity as a financing resource and generates cash flow income? I know in the investment world there ...