Brad Roche
Maximizing Savings in a High-Interest Rate Environment
In a high-interest rate environment, every penny counts when it comes to managing your finances. One area where this is particularly true is in paying down your mortgage. For most people, their mortgage is their large...
Terry Royce
Refinance out of FHA/ Mortgage Insurance Dilema
We bought our house a year ago, with an FHA loan, and substantially updated our house. We got it appraised to refinance to conv, however, now with rates having increased I'm not sure what to do. If we refinance we ...
Clay Manship
Equity Fund Structure
All, I am currently in the process of raising a $500,000 equity fund to purchase a $1.5MM apartment complex. I am curious as to how you would structure this deal among partners. Here is the way it is currently set ...
Jack Forester
Where to credit seller paid closing costs (I'm the purchaser)
Okay, I bought a new rental property and had the seller pay 2% of closing costs (max allowed by my lender). Under the new Closing Disclosure form (no longer the HUD form), it shows nothing specifically paid by the se...
Major Robertson
I Was told "No one will pre-approve a 203k loan" by a broker
So I called a mortgage broker as I found a house I'd like to purchase and renovate with a 203k loan. The mortgage broker said that you can't get a pre-approval for an FHA 203k loan and doesn't know anyone that would d...
Anthony Chao
Living for free in the Bay Area! 4Plex Househack
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Richmond.
Purchase price: $840,000
Cash invested: $29,400
Living for free in the Bay Area? Check. $5300 in rent coming i...
Will Gaston
Negotiating down a 30k Pre-Payment Penalty?
All:Has anybody had any luck negotiating down a pre-payment penalty? I currently have a seven figure note with a local bank and am currently required to pay a 3% pre-payment penalty if I refinance it with another bank...
Lynn Knights
Income Tax Return - Buy or pay on Debts?
Hi everyone, I am new to BiggerPockets and Real Estate. I currently rent. Last year I had my second child but only 3 months into my pregnancy I was placed on bed rest and have yet to return. Living paycheck to paych...
Charles Schram
How to Buy: Distressed Seller on verge of Foreclosure
Looking to write an offer on a distressed property where agent told me homeowner is on the verge of foreclosure and will reduce it another $50K less on an already reduced asking price. I plan to offer another $50K les...
Steve Smith
Hard money loan
As a new investor what Information is needed on calculating holding cost for hard money loan s?