Pixel Rogue
Buy, Rehab, Rent, Refinance, Repeat - got them all with questions on refinance/repeat
4 January 2025 | 7 replies
Do DSCR loans qualify if purchasing through 1031 w/debt-carry-forward requirements?
Nate McCarthy
How to extract equity from turning basement into rental unit on paid-for house?
10 January 2025 | 2 replies
Cash out refi only if the rental income significantly exceeds the monthly payment and you want liquidity to invest elsewhere.2.You can maybe do a HELOC if you want a smaller loan that doesn’t involve refinancing the entire house.3.
Ryan Mcpherson
Rent out house and bleed for a while or sell it and hemorrhage once?
16 January 2025 | 23 replies
I use a loan servicer who processes the borrowers payment and then sends to me.
Graham Lemly
Financing Strategies for house I want - Hard Money, Rehab or Conventional?
4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
Nate McCarthy
Multi-party investing deal structure for BRRRR/House hack
15 January 2025 | 13 replies
If the other two parties want to flip a house maybe they can do just that as partners and then sell you the house which you can buy with a primary home loan with low down payment.
Ken M.
Creative Financing for 2025
2 January 2025 | 10 replies
Lets say someone has 190k left on a 2.95% loan for a 220k property.
John Lee
22, New to REI and looking to network and ask for advice
7 January 2025 | 20 replies
You typically need up to two years of stable employment before a bank will loan to you.
Matthew Morris
Dad's NC House is Slowly Rotting - Likely Need to sell As-Is!
7 January 2025 | 6 replies
Also, I am guessing that due to the state of the house, it would not qualify for a conventional loan?
Joshua Parsons
Really long distance investing (International)
18 January 2025 | 40 replies
When I asked for a loan, they asked if my business received money in Euros.
Robert Pole
Fix and flip partnership structuring
10 January 2025 | 1 reply
I will secure the loan for everything.