All Forum Posts by: Jesse Howell

 Zachary,

I appreciate the feedback.  While I'm sure I could have worded my question a little better, I didn't say I was looking for the lowest points/interest possible.  I said I was looking for recommendations and want to compare terms/rates and options, which I think is just good business.  If I could pass on some perspective to you, it would be to not make assumptions.  I have very good business and commercial lender relationships I have built over the years and getting loans is not a problem for me.  Best of luck to you.

 Beth,

Thank you for the info, I will reach out this week and touch base.

 Robin,

Yes, I'm open to that for sure.

I want to line up financing for flips in the near future.

Hello,

Does anyone have any hard money lenders in the Salem, OR area they would recommend?  I want to compare terms/rates & options of a few different lenders...

Thanks!

Hello,

I want to expedite my success in local flipping and out of state BRRRR deals. I'm new to this area of RE investing and have been educating myself, but really like the idea of a course, coach, help getting started, etc. I'm curious if anyone has any reviews/information on Nate Barger's Investment Academy? OR if anyone recommends any other coaches and or courses...

Thanks!

Jeff,

I appreciate the thoughts, info and tips!

Hello everyone, 

I'm new to bigger pockets and this is my first post. I have a good relationship with a local credit union and a few weeks ago (prior to rates going way up) I started the process for a cash-out refi on my 2 multi-family properties. For a 5 year loan we did a rate sheet at 3.9%, pretty good as that was the same rate I currently had with extending my rate another 5 years and pulling out cash for another investment (flipping and or out of state BRRRR deals I'm thinking).

I got a call from my loan officer and he informed me we were going to be looking more like 4.5% with the way things are going (still pretty good, but not 3.9% unfortunately).  I also have an option of 4% for a 3 year term.

The 4.5% is going to cost me appx $300+ additional per month.  I like the idea of saving and cash flowing an additional $300 per month.  My concern is if I go with the 3 year rate rather than the 5, is if rates are not better than they are now and possibly even much higher after the term.  I know no one really knows, but I'm just not sure if rates will be likely less, similar or much higher in a few years.

I think the safer bet would be to take the 5 year option, pay a little more now and if/when rates get better just do another refi 2-5 years from now.

I will be lightly cash flowing either way...

I'm very curious to hear the thoughts of other multi-family property owners, finance experts and other real-estate professionals.

Thanks in advance!

Jesse