All Forum Posts by: Tony Pham

Well my current rate I’m my primary is 3.125 and I don’t see rates going down to that for a long time if ever

And would you cash out refi or heloc? My realtor says to heloc for a down payment on another property 

How long do I have to let it season? And yea I don’t want to touch the current property. I do want to rehab the new property and refi that into a new property. I just don’t really know what to do after that

I’m sorry to mention, I don’t want to pull money out of the first house. I actually just want to rent it out and keep the equity in it.

im pulling out of my 401k for a down payment and my wife is going to pull 50k out of her trust fund for rehab cost on the 2nd house.

i was mainly talking about after i rehab the second house(will be my new primary). And cash out refi on that with the new ARV

So I have a primary residence now that I bought back in 2020. It has 3.125 percent and I’m sitting at about 100k in equity on that property. 

Now fast forward 4 years, I found a potential good deal in a way better neighborhood that the wife and I want to move to. It's next door to her mother's house. The seller wants to do a private sale(yes I have an inspector and contractor on hand). He wants to sell for 300k but willing to negotiate. His has has 2 bed, 1.5 bath but has an unfinished basement which I'll be adding 1 more room and 1 more bath. Comps in the area are saying I'll probably get around 450k ARV.

Now with that said, after i cash out refi, how do I get into more real estate? I’d probably need money for a down payment and more money for rehab as well. I’m not too familiar with cash out refi and how much I’d get back and all the ins and outs of that just yet.

thank you in advance

This tip will help out a bunch, thank you so much

Awesome! This will help out a lot 

Awesome thank you so much! 

Hi everyone, I’ve been listening to a bunch of BP podcasts and am very excited to learn more. I currently own 1 properties that im living in(single family home). I’m unsure of my next steps but would love to talk to other like minded individuals. I know I should go out and do meet ups, but I’m unsure of when and where they happen at. 

Thank you in advance!