If you rent your property out for $1700 a month for 6 months, with an $1800 a month mortgage, you will be at a $600 deficit by the end of that period. 2.

Would I have an opportunity if I win the bid (due diligence period?)

Hi BP Members,Here is the situation,I own an investment property since 2017. I recently did a cash out refinance which paid off the initial mortgage and I got some cash out. Now, I want to refinance again and lower my...

@Derek Cheng I know some banks will structure a HELOC so you have a 10 year draw period where they only require interest payments and then a 15 repayment period, which more or less means whatever hasn't been payed becomes a traditional loan that is amortized over the 15 years.

If homeowner, then they have rules like premiums not being repaid, long redemption periods, low rates, difficult foreclosure procedures.

I'd like to maximize the number of apartments on this lot in the most cost-efficient way.

Based on your replies it seems like I will get the most efficient return on my townhouse equity and my personal time is by selling and diversifying the money into Syndications.

Some HELOC's have a specific draw period and then a repayment period.

Period.

After we made our offer and showed proof of funds, we were then sent another document to sign that was titled ‘21 Day Marketing Period Offer Form’.