Kevin Malone
What are caps? I bought a 3 plex looking for 4 plex next
Can anyone please help me understand what a 10 cap is vs any other caps I have no idea .... I'm looking at a 4 plex online that says based off 10 cap.
Ryan Jones
Refinancing Primary Home as Rental
I purchased my home as a primary home in 2012. The interest rate I locked in was <4%.Last year I moved and made my home a rental property. Now, with rates historically low, if I were to refinance would I need to re...
Dan Schwartz
HELOC for LLC from Bank of the West
In case anyone is in the market for it....
We just closed a HELOC with Bank of the West.
They will extend a line up to 60% LTV for investment properties and closed in the name of the LLC. That is, we did not have t...
Joseph Harr
Anyone use NBKC Bank before? Feel like I was misled
Has anyone used NBKC as their lender? On Nov 17, a guy from NBKC said I would get a rate "around 4%". I asked him if that was with points and he said no. He gave me a fee worksheet on Nov 20 and the worksheet said 4.3...
Ross Flaharty
HELOC payments in Rental Calculator
Hi, Using the BP Rental Property Calculator and have a question. I'm planning on getting my downpayment from a HELOC against my primary residence. What's the best place to incorporate this financing into the calculato...
Fidelis O.
Mortgage for Toledo,OH property
I would like to know whom everyone is using for their mortgage and what rate you’re getting these day’sI am looking at a duplex in Toledo,OH and plan to put 20% down. Do you get better rates if you plan to live one si...
Brett K.
Typical Hard Money Costs
I'm looking at borrowing some money for a deal from a friend and I told him I'd pay the going hard money rate to make it fair. Problem is, I don't know the going rate. I know it varies but I'd appreciate an idea ...
Saran Mandhadapu
Need advice on financing quote I received
Hi,I am purchasing a multi-family unit for $175,000. Here are the loan terms I received from a bank, please let me know if this is good in current market. This is a commercial loan.Interest Rate fixed for 5 years = 4....
Anthony Hayes
Looking for Home Equity Loan (Not HELOC) in Columbus, OH
Does anyone know of a lender who will do a home equity loan (i.e. a second mortgage) on a 2-4 unit multi-family investment property in Columbus, OH? If so, can you provide me with their name/contact info?
For more co...
Aaron Morrow
📢 MARKET UPDATE - JUNE 2022 🚨
With the the mortgage rate inching closer to 6%, there has been a decline in existing-home sales. While affordability continues to take a hit, there are still interested buyers looking to secure a home.Source: REALTOR...