Comments for Real Estate Investment Blog

Comment on Refi Existing Investment Property to Purchase Another? by Frank Gallinelli

Frank Gallinelli — Tue, 17 Jan 2012 18:36:21 +0000

Niteen — Financing, like politics, tends to be very much a local phenomenon, so I would start by talking to local banks. Since you’ve already purchased the property for cash, you should be in a position to make a strong case for your loan. Also, talk to a few of the more active agents in the area and ask who their favorite mortgage brokers are. An experienced m-b can often find financing on good terms for a well-qualified borrower.

Frank

Comment on Refi Existing Investment Property to Purchase Another? by Niteen Nigam

Niteen Nigam — Tue, 17 Jan 2012 18:19:17 +0000

Hi Frank,
Thanks for this nice article.
Actually I have planned same but not able to find any bank to loan on existing property. Last month I have bought an investment property with cash to get good deal and now I want to have loan on this and buy another one. Can you suggest some bank?
Thanks,
Niteen

Comment on For Real Estate Investors: A Lesson in Clarity by MEL DONALDSON

MEL DONALDSON — Fri, 06 Jan 2012 18:51:26 +0000

Appreciate your knowledge and case studies provided in “What Every Investor Should Know About Cash Flow”. I have been reading the book repeatedly to gain clarity and understanding for analyzing properties that I’m looking to purchase in commercial real estate this year.

Thank you

Comment on Understanding Net Operating Income (NOI) by Matt

Matt — Wed, 14 Dec 2011 04:38:52 +0000

Great explanation. It is frustrating to see all the different definitions, but this is a good explanation. NOI is BEFORE the mortgage!

Comment on 5 Mistakes Every Real Estate Investor Should Avoid by lajosroux

lajosroux — Thu, 08 Dec 2011 12:38:52 +0000

Energy efficiency should be on the priority list for all home improvement work these days. Canny builders will be able to provide homeowners with energy efficient measures which help them to save money and the planet

Comment on 5 Mistakes Every Real Estate Investor Should Avoid by lajosroux

lajosroux — Thu, 08 Dec 2011 12:37:24 +0000

The smallest patch of green to arrest the monotony of asphalt and concrete is as important to the value of real estate as streets, sewers and convenient shopping.

Comment on Refi Existing Investment Property to Purchase Another? by Jesse

Jesse — Mon, 28 Nov 2011 04:01:11 +0000

Thanks for your reply Frank. I shopped around, because my larger bank had to abide by Freddie Mac and Fannie Mae rules. I found a credit union that will easily loan me the money.

Comment on Refi Existing Investment Property to Purchase Another? by Frank Gallinelli

Frank Gallinelli — Mon, 21 Nov 2011 22:37:49 +0000

Jesse –

In general, you would expect to be able to get a $35k loan against a $110k property, but given the current state of financing, your bank could have any number of hurdles in place to make your quest difficult. Start by asking why they won’t loan against the property. Do they disagree with your valuation? Are there too many units in the complex that are sitting unsold? Are there issues with the condo management? Once you’ve identified the problem, if you can’t resolve it with your current bank then your next step is to shop the loan with other lenders. Be sure to ask other unit owners in the complex who holds their mortgages — good place to start.

Comment on Refi Existing Investment Property to Purchase Another? by Jesse

Jesse — Mon, 14 Nov 2011 18:20:36 +0000

Frank, I just came across this blogpost. I have a question. I need to pay off a small mortgage of 35,000 due to a divorce. I have an investment condo (not living in it) paid off free and clear worth $110,000. Is there anyway to take a loan to pay off the other mortgage. My bank wouldn’t let me. Looking for options.

Comment on Free Shipping by sudhanshu tripathi

sudhanshu tripathi — Sat, 12 Nov 2011 11:50:23 +0000

nice blog for free shipping
thanks very much