Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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.The area i used was Grand Priaire tx 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)Whatrate(s) and termsare 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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Theory and Practice

Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason

2nd Canadian edition

176517308, 978-0176517304

More Books

Students also viewed these Finance questions

Question

1.1 What is the purpose of producing accounting information?

Answered: 1 week ago