All Forum Posts by: Gonzalo Gutierrez

OK. Are you looking for seller financing for the existing property? If yes find out who the owner is and try to contact them and ask if they are interested in SF. List some of the benefits they can see by structuring a deal this way. Listen, listen, and listen some more. Find out what pain points they have and see where you can come up with a solution. For funding options if they do not have 100% equity see if you can get a 30% or 40% seller portion and take out a 50% or a 60% loan so you only have to put 10% down. 

That's a great question. Here's an episode and blog that you might find useful. https://www.biggerpockets.com/...

That's a great question. Here's an episode and blog that you might find useful. https://www.biggerpockets.com/...

@Gonzalo Gutierrez, why wouldn't you refinance?!? Rates are historically pretty average, not high. They only seem high because they have been abnormally low for quite a while.

You could choose to refinance into an adjustable rate loan where the rate adjusts every few years. If you use a portfolio loan the lender may allow you to modify the loan (for a modest charge) when rates go down. Or when rates go down you can refinance again and both lower the rate, pull out more equity, AND spread the payments out again! 

Are you selling the home?