I have been searching some local small banks for refi rates on total cost and rates. My idea is to go conventional loan for 20 year or 30 year. With no money out of pocket.I have a duplex that I purchased for $155,00...
Hello, In 2019, I purchased a few smaller, single-family homes to get my feet wet in the rental game. In 2020, I purchased a small RV park in my hometown. It was a great investment as it's all city utilities, was al...
3 BR/2.5 BA condo. The cap rate and cash on cash return I am calculating is negative. Using a vacancy of 8.3%. My loan to value is 73%. I am being very conservative with my numbers (thinking of difficult scenarios)...
Hi,
I’m part of LLC, we just finished renovating our first rental property in Cleveland Ohio. and signed a lease agreement with a tenant.
Our next step is to refinance the house.
Any recommendations on good banks a...
Planning to pull 200k out of a small investment property in South Jersey. Rocket said they could close within 3 weeks; 75% LTV, 6.997%. I placed an inquiry in their website and my phone rang immediately. Salesperson ...
Hi everyone,I am a new to realastate ( only one flip) I own on current mortgage 137,000 with 3.3% interested rate, and wondering about the different options. I am thinking to sell my property and get out about 200k ca...
Hi All,I had someone PM me and ask for steps to setting up an investor/PML scenario between him and a family member. I decided to put my response up here in case there was some value for someone else. Remember, PMLs ...
Hello BP,
Id its not too much of a bother, I have a few questions for the investors and landlords in the Chestnut Hill neighborhood of Trenton, New Jersey.
Im thinking about investing in the area. Could you give m...
I saw a lender's Cash-out refinance and their financing deals were 80%LTV minimum credit score 580 Loan amounts from $25K-2.5milliResidential up to 4 units and Intrest rates from 7-13% depending on your credit. Is thi...
There's no question that interest rates are at record lows and money is cheap (relatively). Markets have also been on fire and home prices are rising all over the country. How is everyone feeling about using the BRRRR...