All Forum Posts by: Kristin Vegas

Hello biggerpocket fam. I hope everyone is well, I came here because I need expert advice from you guys, let me tell you my situation: I have a investment property that i purchased 2 years ago and is valued at 65k that does not have any mortgage and that is already paid off, I want to use that property to buy another one for down payment , the question here is: What is the best way to do it. a heloc or a cashout refinance and why. your response will be appreciated :)

Hello everyone, I live in a 3 bedroom 1 bath house here in Rockford il,  Also has a basement where there is a laundry area, bathroom and a room with closet. I'm thinking about renting the basement room and share the kitchen. my question here is what are some requirements or tips when renting a room 

Can I make an offer on 2 properties at the same time and walk away from one that I didn't like the most? using 2 different agents

is there a way to cash out refinance 2 properties I own? the first property is worth around $69k is paid off and bought it 2 years ago.  the second property is worth around $68k bought that property on November of last year with a loan. those properties are occupied by tenants. do you guys know if I can cash out refi each property with that amount or can use both properties at the same time with a blanket mortgage?    these houses are  located in Rockford IL, if yes: any lender here that can help with with that? will appreciate your comments

 hi Sarah, my credit score now is 666 and what is the minimum I can put for down payment on dscr loan

 yea planning in moving in it so dscr wont work for me 

 first of all thanks for responding and yes I have some questions, I will text you

looking for mortgage broker, lender.  I live in California and planning to move in Illinois. I own 2 rental properties, the first one is paid in cash and the second one i have a mortgage on it which i pay 464 in total including tax and insurance, trying to see how much i would qualify using only my rental income while i look for a job once moving there in il

having a hard time qualify for a loan since they cant use my job income that i have here in cali, been told that I need to move there first and work at least 1 month and then apply or I need a job offer letter. I'm trying to qualify using just rental income for now.

has anyone been thru the same thing, if so how did you guys did it

godbless you all !

 thanks Jonathan for your response. I don't have a specific area yet. that's what I'm working on now. I have 4 areas in mind but I'm doing my research on those areas and haven't decided which one. at this point I feel like I have to move there