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23 July 2020 | 7 replies
Had we not bought it 3 years ago, put some work into it, and refinanced just now, we wouldn't really be able to cover CapEx and other soft costs, though the property would still have cashflowed.Our strategy is forming into a longer-term buy-and-hold, then refi-and-rent strategy (not a rapid BRRRR).Just excited to be taking our next big step!
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22 July 2020 | 4 replies
I recommend TrustMark who refinanced my son's first loan, but if he is a vet why isn't he going through USAA?
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22 July 2020 | 1 reply
Hi BP Community,Ok so, the mortgage broker that helped me a couple years ago with lending on my current home contacted me to see if I was interested in refinancing.
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27 July 2020 | 10 replies
If you can't get the cash out, I would hold off on refinancing.
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10 August 2020 | 7 replies
After that time, we refinanced it at the appraised value of $119,000.
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22 July 2020 | 2 replies
I spoke to my mortgage broker last week regarding refinancing one of my fourplexes.
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23 July 2020 | 13 replies
If all you're trying to do is cash out on the appreciation, have you considered refinancing?
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31 July 2020 | 29 replies
In general, purchasing a property in your own name and then transferring title to an LLC without refinancing it under a "commercial" loan (which is what it will be deemed, as mentioned above) poses a few problems, which is likely why the other replies have correctly said "don't do it".
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22 July 2020 | 0 replies
We are currently in the process of refinancing from 4% into a 2.5%,10 year loan since rates are sooo good right now.
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30 July 2020 | 12 replies
I do own a house in Vermont and was thinking about trying a heloc then refinancing.