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19 September 2024 | 6 replies
Most DSCR Lenders will require the property to be rented for a refinance (or if used as an STR for example, have some STR history) You may be able to find an option for refinancing prior to leasing, but it will make it more challenging and will likely need a "good reason" more than just speed3.
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21 September 2024 | 71 replies
They could buy now, but they would make less and would have to eat the cost of refinancing down the line.
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17 September 2024 | 6 replies
I will use hard money lender at first as they need rehab, then refinancing with the bank.
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18 September 2024 | 3 replies
From what I’ve found online, there appears to be a 6-month seasoning period before refinancing, but this may not apply to non-cashout refinances.
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19 September 2024 | 3 replies
Portfolio Growth: Keeping the old property and leveraging the equity (through a HELOC or refinancing) might give you more flexibility to buy additional properties.
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27 September 2024 | 66 replies
Here lately, I started refinancing some of the homes whose loans were coming due and taking money out.
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17 September 2024 | 17 replies
What should the market rates be before I consider refinancing out this loan?
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18 September 2024 | 3 replies
It would be tight for a lot of groups, plus refinancing at 75k could be a challenge as well.I think I know of a few that could help, would be happy to connect and see how we could helpGood luck!
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18 September 2024 | 4 replies
Refinancing an investment is a good strategy to buy more homes and continue the snowball, but if you have a low fixed interest rate you would be crazy to refinance.
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18 September 2024 | 7 replies
Now the Tenant Buyers / or Wrap Around Note payors are REFINANCING and getting ALL new financing which means the underlying Note which we took over SUBJECT 2 is being PAID OFF in FULL.