20 March 2024 | 7 replies
Yes you can, But the properties would need to be turnkey at the time of refinancing.
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19 March 2024 | 1 reply
Hey guys i have a question about refinancing... i have a deal now 110 k condo i running the number this is a olace with no equity but i cash flow i can get $1800 market rate and section 8 around $2000protpey tax 1500 annual 250 hoa snd now depending on the loan now my question how can i get my money back and which loan or mortgage to take if i put 20% 20% down??
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22 March 2024 | 88 replies
I was planning on appreciation and raising rents and re-financing later.
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19 March 2024 | 16 replies
Unfortunately, we bought the home when the rates were at all time lows, so selling or refinancing are not at all ideal at this time (I have been living in the home, she never ended up moving in, I'd prefer to stay with or without her at this point).
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18 March 2024 | 4 replies
I am looking to purchase a home via a wholesaler with cash. If I were to rehab it, could I refinance with a conventional owner occupied mortgage at the ARV in order to pull out my original capital? Furthermore, is the...
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19 March 2024 | 24 replies
It sounds like you have a solid plan in place, and I'll provide some insights and advice based on your questions:Maximizing Investment Longevity:It's a smart move that you're house hacking with an FHA 203K loan, remodeling for appreciation, and then refinancing to extract equity for other investments.
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19 March 2024 | 24 replies
And refinancing, getting rent ready, and lots of other things...You'll need a strategy for all of that, and again, I don't see how you do it from thousands of miles away.Happy to answer any other questions you have - not trying to be discouraging, just realistic.
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18 March 2024 | 10 replies
Unless it's done well in advance of a sale, the IRS views the refinanced loan proceeds as taxable boot since it is equity that won't be reinvested as part of the exchange.
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17 March 2024 | 7 replies
Interests will probably be lower a year from now (although who knows for sure) so if you can, perhaps it would be wise to hold off on refinancing.
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19 March 2024 | 46 replies
They clearly had signed a document that keeps their payments as low as possible (and probably renegotiated and refinanced at least once).