Hey fellow members, I have a question that I wanted to bounce off you guys since I see that many members successfully manage out of state rehabs. I'm currently in the midst of a rehab in Florida while living in NY. ...
Is it normal for a money lender to charge 5% interest a YEAR! ?
I currently have a HELOC on my personal home that I mainly use to BRRRR rental properties with. I'm considering renovating my kitchen with my HELOC and rolling it into my mortgage to refinance while rates are low. I'm...
Hello to all, I’m recently got into escrow on my very first investment property and when going through all of the fees to close I came across a “lock in rate” fee which is to lock in the 6.125% interest rate at a whop...
Hello! For residential property management, how much do you charge? What fees do you charge? Whats the average around here?? Is 4% too little to charge monthly rents?
Hi,
I am shopping for a 30 years fixed mortgage and my credit score falls couple points below the "excellent" range. it's only because I had a $56 collection back 6 years ago, which I was due to a move and paid in fu...
My wife and I purchased our first property (a duplex) in September of 2018 using an FHA loan. We discussed the pros and cons of the 15 vs 30 year options, and decided to go with the 15 year. At the time, the differenc...
I'm currently in the process of getting pre-approval for my first mortgage (thinking about an FHA 203k for a triplex owner-occupy), and I have a question about credit inquiries. If I want to shop around with 5-10 di...
I am doing my 2nd cash out refi on a rental house, and the bank is telling me I have to pay $450 rate lock fee, which I said I don’t want if there is a fee with it. They claim this fee has to be charged whether I wan...
Hi Bigger Pocket Community,I am a new rehab-to-rent investor jumping into my first rental with a property located in South Jersey and I'm in the process defining our lease agreement before we tackle finding a resident...