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21 March 2024 | 9 replies
The property should appraisal for more than what you bought it for, then once that happens are you supposed to go to local bank to get it refinanced and you get money back from the bank if it appraises for more?
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22 March 2024 | 19 replies
Here are some considerations to help you make an informed choice:Risk Tolerance: BRRRR projects frequently include more risk, particularly in the event that the refinancing fails to recover all of your money.
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21 March 2024 | 11 replies
She didn’t seem to care enough to report it and I ended up refinancing with another CU that allowed helocs on rental prospectors.
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20 March 2024 | 3 replies
Hi Tyler,If you are looking for a cash-out refinance, you would most likely be refinancing based on the ARV, not the costs.
21 March 2024 | 2 replies
If the goal is to "just get it done," and there are residential realtors involved that think closing in 21 days matters (in the SFR world, it does), then this honestly may be the best route.A true commercial loan will have an interest rate on-par with a 30YF primary residence SFR rate, but rather than being a 30YF, it'll be fixed for 5-7 years, and then you have to pay the mortgage off entirely, most commonly by refinancing. 30 year amortization may still be in play.
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21 March 2024 | 10 replies
Can get another FHA loan as long as the existing one is refinanced into a conventional .
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20 March 2024 | 6 replies
Recently refinanced so 27-28 years to go.25% equity built up at current home valueI'm cash flow negative on cash flow each month (~700-800 per month) because the rent doesn't cover the mortgage, HOA, and property taxes.
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20 March 2024 | 10 replies
There are options for partial releases, however the entire portfolio must be able to debt service, if one property is sold or refinanced.
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20 March 2024 | 2 replies
I’m trying to work out a deal including seller financing and refinancing but am little confused on how it work out.
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19 March 2024 | 2 replies
We refinanced to a lower rate, then immediately moved out and acquired another house.