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23 December 2024 | 7 replies
Did you do a refinance and it affected the property?
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3 January 2025 | 40 replies
You are betting too much on the refinance portion if you try to BRRRR with hard money.
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21 December 2024 | 1 reply
Would it be a good idea to refinance and get access to that equity, or don’t and keep the favorable interest rate?
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3 January 2025 | 45 replies
Typically hard money lenders will lend a maximum of 70% of the ARV so if you are below you will have more flexibility on the initial loan and the refinance (better terms or higher cash out) and of course more profit if you sell
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19 December 2024 | 14 replies
Would you consider doing a cash-out refinance into a 30-year DSCR loan, or would you opt for a line of credit instead?
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18 December 2024 | 1 reply
Looking to refinance in 3-6 months and then invest into another MFR.
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19 December 2024 | 4 replies
Some call a line of credit a bridge but its not its a open end mortgage and the lien is in second position.If you have any questions or want more info on the above types of scenarios feel free to reach out or send me an email.What you want in this current market is a cash out refinance unless you are trying to sell a primary or vacation home.
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21 December 2024 | 10 replies
Secondly all DSCR should allow you to close in the LLC without a rate hit.If you are going to take out any cash through a refinance in less than 1-2 years be careful of how many years they try and hit you with the Pre-Payment penalty.
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18 December 2024 | 9 replies
Then in 6 months refinance into a conventional loan and you can exit the property legally.
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25 December 2024 | 60 replies
As for as the appraisal right now the property is valued at 850k I’ll see what the new appraisal will come in at when I refinance and they make me get an appraisal.