I'm being quoted a 7.75% cash out refi rate at Houston Federal Credit Union right now.

We had quite a few there with the last large fund I was with and A LOT of the homes look exactly the same and have all the same amenities.

The reason we keep that number is if we have a major repair we have the funds, or if we lose a tenant.

Hi Ryan Biankowski if it were me I would keep my $10k in the bank for holding costs as well as you'll need funds for items you need to put deposits on like cabinets, counters etc.I would find a great deal, use an HML for my first position lender and a PML for the second.

Maybe you could apply for government funding and turn it into a homeless shelter... sounds like that's what's happening now!

., the interest rates are too high and that seems a last resort.I would like to find a partner to buy half the house/blue sky and run the rental business with me (spouse will be removed and sign off), either as an active or silent partner, I’m flexible on how involved someone wants to be.

Unfortunately, this was not enough as we were told she is not allowed to release our funds until she spoke with you.

They are holding funds so they can live in the float as long as possible, probably because they don't have the cash to pay up.

@Raj G.Default Interest rate is a different rate than the original loan terms because the borrower didn’t repay the loan per the loan terms.

If I'm understanding correctly, we could keep our 1st duplex with the FHA loan (until rates lower then we'll refinance) and then still use an FHA loan for our 2nd duplex since we have lived there for over a year?