My mortgage broker was offering to lock the current rate (investment, 6.4%, no point) for 6 months, at the cost of 0.5% of the mortgage amount. I am thinking about whether I should take that bet or not - say I pay 2k ...

Anyone think Canada is in for a major correction? Any thoughts welcome...

Hello, and thank you for taking time to read my question.  I have never dealt with a bank or broker for mortgage services.  I paid cash for a tax sale property 4 years ago.  I did a substantial remodel with out of poc...

Hey,a very interesting historical analysis and model of rents in San Francisco (with data source on GitHub).For numerical guys such as @Brian Burke, @J. Martin, @Minh Le etc etcSome excerpts:"Overall [rents], they wen...

I have two homes in Missouri that I made offers on for $63k and $77k (paying 25% down on each).  Then our loan officer said the underwriters rejected them.  She explained they are lower priced homes so they have a har...

How scary is it to have an adjustable rate? Could it shoot up to 15% interest like back in the past? I'm getting a 100% financed sba loan for an office building, and their rate is adjustable. There are hefty early pay...

Hey BP,I just got a 2 unit property under contract which I am purchasing for $39k cash under my LLC.   My current estimates on rehab are $40k. My plan is to get a loan from my local bank for $80k to repay my investors...

Hi,This question just came up.  On a building we have with lots of Equity (balance mortgage is $56k)I am looking to free up some cash ($250-300k) for a future 2016 purchase, but wanting to get all approved now.  Shoul...

My husband and I are new to this community but we have been buying, renovating, and selling homes for 28 years.  We buy, live in it and then sell.We literally do it all! The find, the design, the demo ( I love demo), ...