BTW - As of Apr of last year, there are no more upfront points charged by brokers, only the big retails companies can still do this (Wells, BofA, Citi, Chase, etc)....you CAN still pay discount points when buying down the rate. Unless the loan officer is being paid on a hourly basis (not typical), then our compensation is paid to us by the lender, 100% that it..
Re a website to analyze ROI, I don't of one offhand, but again can help you run numbers if you like!
Good luck and best regards, Jeff Marr
Alpine Mortgage Planning
I know the investor opportunities, I can help you safely enter the market and get you a great deal.
The best place for the investment infomation you seek is http://www.revestor.com
Just plug in the address or area and you will have all the info you desire at your fingertips.
San Diego, Ca.
I can put you in touch with a great lender that is always on hand to run numbers for you. She really knows her stuff and takes care of all my clients the way I would.Allied Gardens is a great area for income property due to it's proximity to State. Feel free to contact me directly for more assistance.
McAllister Homes Real Estate
Have you tried http://www.realtor.com/? There you can find some of the info you're looking for, however you should really be talking to a lender .... they can get all your financials and zero in on your specific situation ...
I can recommend a couple trustworthy loan brokers (lenders) if you're interested. Just send me your private contact info and I'll get it right out to you ....
PS: No cost or obligation of course.....
Serving San Diego Families for 30 Years!
I have helped many investors in this regard so please feel free to contact me directly if I can be of help to you.
All the best,
Roswell Moore, CMPS
I also have a ROI calculator that I can email if you like.
If I can be of help, I would like to discuss your needs and see if I can help you find properties that match your investment strategy.
I am never too busy for your referrals
The San Diego Property Shop
CA DRE # 00648687
This is difficult to do since most all lender websites do not use credit score, a must component, in determining rate and points, let alone quote non-owner loans. Pricing on two units is substantially different than on 3-4 units. And the positive/negative rents are a factor as well. Many lenders are not using +/- net rents depending on whether they are selling to a conduit or directly to Fannie or Freddie Mac. US Bank and Union Bank normally portfolio some or all of their loan product but tend to be quite conservative when lending on non-owner 2 to 4 units.
5+ units are a whole different ballgame.
It's complicated as you can see.........
I suggest getting with a good lender that lends direct AND can broker, typically a mid-size correspondent lender, that you can partner with you and your real estate agent.
If I can be of more help, drop me a line.