
21 February 2025 | 17 replies
@Devon Shives,Your situation has a lot of potential, but here’s a thought: A cash-out refi could work if you’re confident you can use the $30-35k effectively for your next property, but the higher rate and payment might indeed limit your borrowing power for another mortgage.Consider these alternatives:1.

19 February 2025 | 17 replies
I recommend an electronic payment method.

9 March 2025 | 1 reply
Purchase price: $142,000 Cash invested: $12,500 We were able to RTO this home at a purchase price of $184,000 at a monthly rate of $1,850.

14 March 2025 | 2 replies
It was a 50,000 sqft building that was made up mostly of NYS government tenants.Here are the details on the acquisition:$2.75 Million Purchase$2.20 Million in debt sourced through a local community bank.We had to raise $750,000 to cover down payment, closing costs, some operating cash, and some cash set aside for tenant improvements.

13 March 2025 | 0 replies
The new servicer is asking me if I live at the property or not, seemingly as part of the normal client intake process (though I am over 30 days past due because I wasn't able to make an online payment during the loan transfer process; so maybe that triggered the question; they waive late fees and credit reporting for 60 days as part of the loan transfer process).

14 March 2025 | 5 replies
I don't want to refinance because my current rate is under 5% and doing so ruins the cash flow I've got right now.

17 February 2025 | 9 replies
They argue that a missed payment is your best notice that there is a problem brewing.

26 February 2025 | 10 replies
Your buyer had a 1031 exchange funds and paid the entirety of the 8 plex purchase in cash?

26 February 2025 | 15 replies
Vs in cash out; your payment will be fixed. 3) LTVs => HELOC LTV for Rentals go up to 70% usually.

11 March 2025 | 65 replies
And of course, if your actual cash value is less than the current mortgage(s) on the property, all of the cash value payment will go to the lenders.