One of my best loan officers just advised me that she can do a cash-out refinance of a 1-4 unit investment property even if you have up to 10 financed investment properties. Maximum loan-to-value is 75% on a single-family rental property and it is 70% loan-to-value on 2-4 unit apartment properties. Most lenders can only finance…
Read MoreInvestors often examine the cash flow a property generates, that is, rental income, minus operating expenses (property taxes, insurance, maintenance, and utilities), less mortgage payments to arrive at the monthly or annual cash flow profit from the property. While this is an important metric, are you considering the three other sources of return on investment? A…
Read MoreI was asked, “What is the advantage for a seller to take-back financing?” In most cases, the seller can earn a higher monthly income taking back financing than selling the property, paiying the taxes, and putting the balance into a savings account. Selling and paying the capital gains tax, leaves me with less money to reinvest. Holding financing,…
Read MoreIf you have 4-Financed Properties and feel you cannot buy more, you need to know about important new changes to Freddie Mac underwriting guidelines. Previously, you would max out at 4 financed properties with 30-year fixed-rate loans. Now, you can have up to SIX (6) financed properties. Qualification is based on one-year’s income as reported…
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Unless and until there is a written Buyer-Broker Agency Agreement signed with a prospective Buyer, then Ben Frederick Realty, Inc., Ben Frederick Realty, Inc. represents the Seller. Please click here to download the Maryland Real Estate Commission form “Understanding Whom Real Estate Agents Represent”.
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