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31 January 2019 | 14 replies
For him it was a major setback.Is the release process outlined in your loan docs so you can sell separately down the line?
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30 September 2018 | 8 replies
Thanks in advance.SFH for sale : 3 Bed,2 Full Bath -$100,000.00 ( Baltimore County 21207)ZILLOW VALUE : 120,000.00Average Rent : 1,600(I called 4 similar Properties Same Area for Rent -Realtor.com)I am planning on buying using my own cash and then use Fannie Mae-Delayed Financing Exception to recycle (3 to 4 weeks)my money and repeat.Mortgage Loan PI : 30 years 4.6% $ 513.00Property Tax : $ 209.00Insurance: $ 28.00Total : $ 750.00Utilities/landscaping Paid by Tenants and Major Repairs by Landlord.Cash Flow : $ 1,600- $ 750= $ 850.
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13 September 2018 | 5 replies
You can pull out a HELOC (Home Equity Line Of Credit) Or a Home equity loan on your SFH, and use that money towards a downpayment.
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12 October 2018 | 9 replies
Mostly made up of 2 beds/2baths-Elevator serviced building with a large common roof deck
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29 December 2020 | 17 replies
If so, you could do a lot line adjustment.
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18 September 2018 | 11 replies
So glad you've already plugged into the Bigger Pockets podcast - that was a huge source of education for me when I first started.You mentioned that you had solid mortgage brokers lined up, but if I could add from experience...I would recommend that you talk to multiple lenders (banks, mortgage brokers, credit unions, etc.)
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13 September 2018 | 3 replies
I wanted the ability to quickly change variables and to see worst case scenario #s, as well as to account for all expenses involved in a remodel (by line item).
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13 September 2018 | 1 reply
We are researching home equity loans, home equity lines of credit, and the possibility of refinancing our current mortgage to free up the cash needed to make those improvements and make the down payment on the multi-family unit.
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19 September 2018 | 8 replies
Another property has fallen in my lap, and I have a private equity partner lined up for this property.
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14 September 2018 | 7 replies
Will reach out to that side.Alex: I was afraid this may be the case and was expecting a response along these lines, many thanks.