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1 October 2015 | 9 replies
If you are refinancing at 70% of ARV then you should be getting cash back from the bank if you purchased it originally with private or hard money.
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19 December 2015 | 11 replies
Both were traditional loans for 30 years and were refinanced into another conventional 30 year loan.
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30 September 2015 | 2 replies
Hi, I am new to BP, so please bear with my first newbie question.Does refinancing a FHA loan interrupt the 1 year owner occupancy rule for FHA loans??
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12 October 2015 | 30 replies
Or are you saying that it still cash flows nicely after refinancing it to get your cash back out?
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3 October 2015 | 16 replies
Once 1 property was paid off I planed to make double payments on the other.House (A) I currently owe about $61,000 with a 2.5% fixed interest rate with a 5 year balloon note I just refinanced into.House (B) I currently owe $102,000 at 5.0% fixed interest rate at 30 years.I own 5 acres of land(C) free and clear in Beebe Arkansas that I am currently living on that's tied up in House(A) worth about $25,000.
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2 October 2015 | 15 replies
Last year, I did refinanced out of the FHA loan, took some cash out and bought a condo in Logan Square.
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3 October 2015 | 1 reply
Hey BP community. I am wrapping up renovation on a rental (running out of capital fast!) currently. I had an existing plan but I wanted to run it by the community and hopfully you guys who've done these in the past...
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7 October 2015 | 3 replies
Quick question - I have all the pieces lined up (upfront capital and backed refinancing) to move forward on a couple buy-and-hold properties.
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6 July 2017 | 13 replies
To answer your question quickly, no you will not be restricted to 50% LTV when refinancing the current debt as you transfer title from your LLC into your name because you own the LLC 100% (min 25% ownership is needed) so as long as your LLC has held consecutive ownership in this property for a min of 6 months prior to the disbursement of the new loan (AKA prior to funding).
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7 October 2015 | 7 replies
So here is my story, I have owned my home for the last 17 years and have refinanced at least 5 times in those 17 years.