Are the <3.5% rates gone for good?

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Of course not! Just requires 40% down on a 15 year term and buying points.

likefunny

I was quoted 3.25 on a $1.2M construction loan earlier this week.

funny

Why is this funny?

funny

For the foreseeable future, yes.

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Until the next catastrophe when fed cuts rates down to zero. Could be years or decades. So basically yah

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Just lock in a rate now

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Fuck! I was looking hard for a place but haven’t closed on anything I’m so blown this was opportunity of a lifetime

not for good, but potentially for 5 to 15 years.

Sub 4% is still a win, especially in a highly inflationary period like now.

Definitely gone for investment loans

Primary home jumbos are still roughly 3.5% or slightly less as of recent

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Hi everyone!

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Additional Posts in The Real Estate Bowl

Looking to buy a studio in NYC (~600k). How low should I go below asking price when making an offer (especially given that the price went down 5% two months ago)? I’m thinking 15% below asking. Location is okay, no view, and a month to month renter in place. Thoughts?

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Any one knows what’s the easiest way to order a radon test for new construction?

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Do you thank your tenants for paying the rent? A quick thank you text?

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Hi - any good books recommendations for getting started on real estate investing?

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How do you judge a low ball offer with how the market is changing? Earlier this year, you would look at comps and say this is the value. Now with rates going up and people pulling out, how do you justify the value? (View point from the buyers end)

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I'm early in my career, managed to save $30K to invest, and want to get my hands dirty with a rental property without too much risk (e.g. no HML/flipping). It sounds like that's a tall order in the NY/CT area given the prices, not to mention whether I'd be able to get a mortgage on anything below $100K, but I figure I'll give it a shot anyway. Any advice on what you might do in my position? Am I being crazy with this idea?

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I'm under contract for a new build in progress that won't be done until much later this year. I fully expect interest rates will be higher than what I originally estimated. I may or may not try to lock in a good rate early, but I'm planning on renting it out and this throws a bit if a wrench in my margins. I can take it financially, but wondering, If I absolutely needed to get out of buying it, what recourse do I have? Or could I go ahead, and refinance later (who knows rates at that time...)?

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Is there an investment fund or group that anyone knows of? I heard of Fundraiser but it seems very convoluted. Looking for an investment group or development group to invest with

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For those that built higher end homes, what kind of appliance budget did you have?

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We just moved into a 50 year old house. We got the popcorn ceiling removed in the garage plus had the walls done. We didn’t use an official asbestos expert because of the price.

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For those who use property management companies to manage your rental properties, what are the services that you really value and will switch out to a different one if not getting such services?

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For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

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Is it common for HOA to ask you to prove your car registration is up to date?

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New strat folks.
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5. Have another business generating revenue to offset this.

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How long did it take you to purchase your first rental property once you started looking? I’ve been working with an agent for about a month with one offer not accepted, feeling discouraged

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