Matt Isaacs
Advice on the Best Way to Scale?
22 August 2021 | 1 reply
With $100k of working capital your purchase price is definitely capped and while you could refinance there just isn’t a ton of equity there.
Ralph Ace
Cashout refinance loan
22 August 2021 | 2 replies
I have a condo that appraised at $130k.I have a loan for 85k.My equity 45k.Can I get any cashout on small equity minus the closing costs?
Mary Lopez
Problems refinancing a Quit Claim deed property in Las Vegas
20 October 2021 | 3 replies
It is worth close to $400K and I want to get a cash-out refi of about $160K, but lenders are requiring that I hold the deed for at least 6 months before they will refinance it.
Fedor Volkov
Reassessment notices are coming in....
24 August 2021 | 8 replies
I just had my home appraised for a cash-out refinance and it went up 15% in 6 months.
Jacob Jennings
Nonprofit purchase of 12 units for seniors in low income
21 August 2021 | 0 replies
We will refinance the property to give us over six figures in equity to run our nonprofit outside of donations or grants.
Shane Blackshear
My plan for acquiring the next property...
22 August 2021 | 2 replies
@Shane Blackshear I think it's great to refinance, especially with how low rates are.
Shivron Sugrim
Out of capital and repairs are needed, please advise! Pittsburgh
23 August 2021 | 11 replies
You can refinance, pull money out and repay your short-term loan.
Nicole Harrington
Hard Money Lender charges
24 August 2021 | 2 replies
The current SFH I working on I am doing a cashout refi at 3.25%, I'm purchasing the house cash, will renovate, and refinance ARV, after repair value, with a traditional loan.
James Lauer
Newest project.....BRRRR or Flip?!
22 August 2021 | 2 replies
It is a straightforward flip that will take me approx. 3-4 weeks to complete and estimated profits are $30,000-$35,000.If I keep it as a BRRRR here are what the numbers look like:$145,0000 - Purchase Price + Closing Costs$30,000 - Improvements $1,500 - General holding costs (taxes/insurance/utilities)$2,900 - Loan on unsecured line of credit All in - $180,000Comps are around $225,000, which would put me right at $168,750 (75% LTV), this means I would leave around $12-$15,000 invested in the deal after the refinance went through.
Jonathan Buelow
Feedback on my current situation
22 August 2021 | 2 replies
These are a few of the options I have come up with and would like to get some feedback on:Option 1: Continue living in the mobile home and using my money and a Cash-out Refinance as a down payment on a du-quadplex.Option 2: Use Cash-out refinancing to remodel and flip the trailer, then house hack a du-quadplex.I am leaning toward option 1 because my utilities and lot fee combined are cheaper than rent in my area.