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9 January 2025 | 9 replies
Setting up your purchase money loan to allow better refinancing is advised when possible.
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8 January 2025 | 33 replies
One is a former primary (we refinanced once while still owner-occupied then transferred into an LLC when we moved out and began renting it, but didn’t have any issues with that one for about 5 years after we moved out).
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5 January 2025 | 18 replies
Adding value to a property and then either selling or refinancing to pull your capital out is a solid way to build momentum, especially if you're okay breaking even on rental income.
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2 January 2025 | 5 replies
If you want to consider refinancing, that is also a viable option.
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9 January 2025 | 16 replies
This type of loan can be a great short-term solution to help you acquire and improve the property before refinancing into a long-term loan or selling it for profit.
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2 January 2025 | 11 replies
I had to start the eviction process, but fortunately, they left a little over a month after their lease ended—just before it went to court.These challenges reinforced the importance of tenant screening and clear leases, lessons I’d carry with me throughout the year.Summer: Refinancing and Big ChangesSummer brought a mix of wins and challenges:I began having issues with the garden unit tenants, which would escalate later in the year.After learning from the screening mistakes I made with the garden unit, I updated the third-floor unit and rented it to great new tenants.
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2 January 2025 | 12 replies
I bought 1 House out right, I am refinancing for 100k. had 1 renter paying 1000. using the refinance to purchase the second property, and putting renter for 1400. it will also need 25k in repairs.
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8 January 2025 | 10 replies
@Bill B. 195 originally refinanced to 224.
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30 December 2024 | 2 replies
so every step is tougher.2. you don't really compare the interest rate when purchased and the interest rate when refinancing - that is apples and oranges.
3 January 2025 | 10 replies
., We were over a decade without insurance, and when I refinanced and insurance was needed, I had no trouble getting insurance in place.