All Forum Posts by: Brandon Forshaw

Thanks for all the help by the way…

Can someone please explain a cash-out refinance to me?

My in-laws are gifting my wife and I $65000 to invest in buy and hold real estate. I'd like to hear your ideas on how to best use this amazing opportunity.

Pete T, I'm guessing you are referencing my original post. I'm NOT worried about paying off the house that I'm upside down on because it is class flowing. There is no equity in it because I'm upside down on it, another reason to NOT worry about paying it off. 

I'm really interested in doing a flip to build some capital for another hold property. I'm looking more and more at fannie mae homepath and freddie mac homestep properties as possibles. Your thought?

I'm really interested in doing a flip to build some capital for another hold property. I'm looking more and more at fannie mae homepath and freddie mac homestep properties as possibles. Your thought?

Thanks for the help guys. Ive heard that HMLs are not really the way to go for buy and holds and thats why I would refi as soon as possible. What would be some reasons to not be able to refi?

So, here's my situation. I've got 2 rentals in central FL. Each is cash flowing about $250/month. I'm upside down on rental #1 and never plan to pay it off due to its value, but it's cash flowing so I'm ok with it. Rental #2 has a little equity but usable right now. I'd like to acquire another property by the end of the year in the $150k price point. In your expert opinions, what's my next step? I like the HML to refi with equity route. Your thoughts?

So, here's my situation. I've got 2 rentals in central FL. Each is cash flowing about $250/month. I'm upside down on rental #1 and never plan to pay it off due to its value, but it's cash flowing so I'm ok with it. Rental #2 has a little equity but usable right now. I'd like to acquire another property by the end of the year in the $150k price point. In your expert opinions, what's my next step? I like the HML to refi with equity route. Your thoughts?

Hi, I'm a new member from Satellite beach, FL. I'd like to find some sort of networking meeting in the area or just meet people to bounce ideas off of. I currently have 2 rentals and a primary residence.