I am about to invest in my first 2 bed 2 bathroom townhouse. My bank is offering me a 15 year loan with a balloon at end at 4.65%. Is this a good deal or would you rather go for a 30 year term?
Hey all! If you could please lend any advice/experiences/lessons learned about moving into a SFH fixer upper w/ conventional financing + renovation loan, add sweat equity, refinance in a few years and convert to full ...
This is a simple question that has to do with cost of living. Obviously places in the Midwest have a far lower cost of living than on the West Coast or in the Northeast. Keeping that in mind, a person with a high annu...
I’m looking at apartments in Cleveland, OH and I’m trying to calculate ARV for apartment buildings, but everything that has been sold lately is not renovated. If there is a commercial realtor in this area that could ...
What is the prevailing wisdom (if there is such a thing) on calculating for future capital expenditures (CapEx) and maintenance for SFH rental properties, when running the numbers on a potential property?Some people s...
Hey everyone,I am a new REI and I am on the verge of being under contract for a duplex here in the Dallas/Fort Worth Area. I offered $285,000 with a 3.5% FHA as I will be house hacking it. The only issue I have is tha...
I'm in talks on a fourplex and I wanted to see what everyone thought of the numbers at this point and possibly any advice on what I can do to make the numbers betters.The owner has a bank that will finance 85% for 5.5...
Hey all,So with 6 years of experience working for an acquisitions company in various roles (from prop management to accounting) I've decided to take the plunge and start hunting for my own properties. A roadblock I'm ...
We have about 70 rental homes owned outright generating income that would appraise below $50,000, which companies like B2R and Colony American won't refinance. Any ideas for who would do a cash out refinance on these ...
Hey BP!
My family owns a property in Florida that we want to cash out refi. We have 100% equity, no encumbrances. The property is in my Mother's name. We are Permanent Residences of USA, primarily reside in Toronto, ...