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16 September 2024 | 3 replies
I am looking to refinance an existing HELOC to increase the line of credit. The home has a 27 year old but still working furnace. Will I get dinged on the appraisal enough to make it worth changing the furnace ahead o...
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17 September 2024 | 0 replies
This was a conventional loan then refinanced to a 15 year conventional
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17 September 2024 | 8 replies
So you should at least see if the cost of refinancing makes sense for you.
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16 September 2024 | 1 reply
I would wait until I do the refinancing to quit my job, and for the next refinincing I would use DSCR loans.Has anyone done that or is doing that?
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18 September 2024 | 15 replies
BRRRR deals are great because you'll see the most value in those deals by buying distressed properties and renovating them and refinancing.
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16 September 2024 | 4 replies
The purchase was $375,000 and the rest was used for renovations.My cost bases in the building will be around $740,000.I refinanced the building with a $900,000 loan.I have an offer on the building of $1,400,000Total capital gains would be about $660,000So, my question is after selling the property (for easy math) lets say I walk away with $500,000 after paying off the bank loan.
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20 September 2024 | 12 replies
The BRRRR strategy recycles cash quickly and builds a portfolio by buying, rehabming, renting, refinancing, and repeating properties.
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18 September 2024 | 13 replies
Further, at $3 million the borrower probably could have refinanced and paid off Peerstreet, but nobody was interested in making a new $5 million loan.
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17 September 2024 | 2 replies
With the expectation of entering a rate-cutting cycle, there’s potential for more favorable refinancing options as rates decrease.- Valuation Improvement: Allowing time for property valuations to improve as interest rates drop.Budget ConsiderationsIt's crucial to budget adequately to navigate projects to a safe point, typically requiring an 18-24 month budget.
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20 September 2024 | 36 replies
Bought the 3 unit for 95k in 2019, renovated and refinanced end of 2019 and pulled 80% of cash out.