All Forum Posts by: Pearly Tan

So much for trying to help struggling homeowners trying to refi to get lower payments as unemployment continues to stay high.

More details released today:
https://www.nj.gov/dca/news/news/2020/approved/20200529a.html

I would also keep in mind HELOC's are normally used for short term financing given the rates are variable. Just keep an eye on that as we are in a low rate environment, so only direction is up in the future.

Otherwise, if you have enough equity in your properties, you can look at some sort of portfolio loan. Definitely discuss your options with a lender versed in REI on your options. G'luck!

Close to being passed.

https://www.northjersey.com/story/news/new-jersey/2020/04/13/nj-help-rent-covid-19-lockdown-may-coming/2984474001/

This will be interesting to see how it impacts tenant evaluations compared to the previous method.

https://www.cnbc.com/2020/01/23/fico-10-credit-score-changes.html

Your thoughts...

What are everyone's thoughts?

https://www.bankrate.com/mortgages/cfpb-debt-to-income-rule/

Good article on this topic:

https://www.biggerpockets.com/...

Try to look for those For Sale by Owners (FSBO).

Rates on small investment multi family are going to be higher than an investment single family. 

Upcoming changes:

https://www.marketwatch.com/story/trump-administration-placing-new-limits-on-cash-out-refinance-loans-2019-08-02