Real Estate/Landlord thread

Oh man that's genius.

Why not just buy a house and all of you live in there?

All

My parents are looking to refinance

Anyone work in the industry ?
What kind of rate should they be getting?
They owe probably 80k

Thinking about house hacking next summer with my wife.

Im jelly whats your situation

To add, they have great credit and owe no one else anything.
They just got offered 2.42% from quicken loan rocket mortgage..
Good rate and typically competitive company?

That's a very solid rate.

Think i should use it and call other places and tell them to beat it?

Bump

Anyone else?

There's a national rate that lenders have to adhere to so I doubt that anybody would budge BUT I'd still do it anyway.

You could also have your parents pay for points. It's an upfront payment to the mortgage company that would lower interest rate. Mortgage companies do this for extra cash flow up front instead of having to wait 30 or so years.

Parents are landlords in Britbongistan they have a rental in a commuter town outside Edinburgh, it's pretty nice.

Turns out the tennent above theirs was a drug dealer and wrecked the place, noise/smell complaints. So many issues for parents' tennent and the agency my parents dealt with sounded like a nightmare. Eventually I think they jailed the guy and they actually ended up buying another rental flat in the same apartment complex few years later.

I went to help tidy it out, turns out 2 of the neighbors of the new flat are police that have been living their for years lmfao