SLP 2 Question 1) Investigate the sources of real estate investment financing in the community you identified in SLP 1. Using the link given below and any other resources you deem relevant, name possible sources of financing and the types of financing offered. Provide specific names of lenders, the types of investor loan(s) available (i.e. conventional/fixed rate), and where you found this information.
https://www.wellsfargo.com/mortgage/rates/
http://www.bankrate.com/mortgage.aspx
SLP 2 Question 2) What rate(s) and terms are available for real estate investors in single family rentals? Be specific. Give the interest rate corresponding to the term of the loan and let me know where you found this information. Provide at least three different scenarios. For example, one scenarion might be, “8% interest on a 15 year fixed rate loan with no points.” Use the links below and/or any other links you deem relevant to research this information.
https://www.wellsfargo.com/mortgage/rates/
http://www.bankrate.com/mortgage.aspx
SLP 2 Question 3) Describe a typical down payment requirement and monthly payment amount for a sample home in the market area you chose in SLP 1. Give me specifics. Provide the price, the down payment, the monthly payment and tell me how you came up with the monthly payment amount.
http://www.mortgage-calc.com/mortgage/simple.php
SLP 2 Question 4) From your study of Chapter 2, if you were to purchase a single family home for rental purposes, would you purchase it as a individual owner, as a corporation, as a partnership, or some other form of ownership. Relate why you chose this form of ownership.
Chapter 2 of your text.
http://www.suite101.com/content/how-to-own-real-estate-investments-a67286-investments-a67286
