Ricky Reddin
Renovation On A Property
12 January 2025 | 7 replies
my condolences on your recent lost.there are a few ways you can do this, as mentioned above you can take a heloc on your primary residence which will give you a second mortgage, first mortgage payment wont be impacted. you can do cash out refinance which will give you one mortgage and payment. it will pay the old mortgage and give you money in your pocket to pay for the rehab.or you can do a renovation refinance which is similar to cash out refinance but we would contractor involved as part of the refinancing and they are paid through the loan
Jemini Leckie
Out of State Cash Flow
17 January 2025 | 9 replies
Cash flow is hard to come by and I have considered looking elsewhere in more affordable states.
Keith Angell
Seeking Advice on Financing Future Rental Property Projects
17 January 2025 | 8 replies
Personally, I'd cash-out refinance into a 30 or 15 year loan.
Robert Medina
Attempting to brrrr but having issues
15 January 2025 | 8 replies
I would like to purchase another property so I looked into a heloc and a cash out refinance and it looks like I would qualify for about 75000 max which would be enough to put a down payment on another property and rehab it, but I still haven’t paid myself back from the original property rehab.
Lisa Albright
Rehab personal home taking funds from rental property equity
13 January 2025 | 8 replies
I used to work in finance and we could get clients approved for a HELOC in less than 24 hours which will be much quicker than the cash out finance.
Ian Russell
1031 exchange question
15 January 2025 | 3 replies
you could take $300K and purchase one property for cash.
Arshiya Taami
is 95% LTV for a DSCR Loan that is 2.2 possible?
14 January 2025 | 15 replies
Not possible, 85% max LTV on a purchase or straight refi, 75% max LTV on a cash out refi.
Monty Alston
Need creative advice to pull equity out of my home ?
12 January 2025 | 14 replies
There are a couple of companies out there that will let you do a cash out refinance with no income!
Marios Andrianos
Refinance not available
15 January 2025 | 1 reply
Hi to everyone,I would like to ask that ,my banks in my country (Greece) are unable to provide refinance options for the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat), what alternative realistic strategies can I consider for implementing this investment approach?
Colleen A Levitt
DSCR out of a DSCR?
9 January 2025 | 15 replies
Definitely a chunk of change I don't want to pay, but having my cash back out to do another deal might be worth it...