Cameron Philgreen
What do you think of this proposal
20 August 2021 | 1 reply
Split $50,000 80/20If co-ownership in a BRRRR50/50 ownershipNo points or interest90% purchase, 100% renovationNo paymentsAfter rehab:Refinance with bank in 50/50 LLC based on appraised valueRetain 50/50 equity in propertySplit monthly cashflow 50/50Example: $100k purchase, $50k rehab, $200k value, refinance on $150,000 loan (75%)$2000/mo rents, $1500/mo debt service, split cashflow $250/$250.
Mary Lopez
Having problems refinancing a Quit Claim deed property
24 August 2021 | 13 replies
It is worth close to $400K and I want to get a cash-out refi of about $160K, but lenders are requiring that I hold the deed for at least 6 months before they will refinance it.
Raymond Kovats
FHA loan question after just doing a refinance
22 August 2021 | 2 replies
Hi, I have a primary residence that I just refinanced to lower the payment and possibly rent it out. Can I rent it out and get an FHA loan on another owner occupied property even though I just refinanced?
thank you
Leah C Ogren
Primary Residence Renovations - Creative Financing Options
25 August 2021 | 5 replies
There are the Fannie Mae Homestyle and FHA 203(k) loans that are essentially a refinance to give you the funds for the renovation and base it on the expected appraised value once the renovations are complete.
Matt Isaacs
Advice on the Best Way to Scale?
22 August 2021 | 1 reply
With $100k of working capital your purchase price is definitely capped and while you could refinance there just isn’t a ton of equity there.
Ralph Ace
Cashout refinance loan
22 August 2021 | 2 replies
I have a condo that appraised at $130k.I have a loan for 85k.My equity 45k.Can I get any cashout on small equity minus the closing costs?
Mary Lopez
Problems refinancing a Quit Claim deed property in Las Vegas
20 October 2021 | 3 replies
It is worth close to $400K and I want to get a cash-out refi of about $160K, but lenders are requiring that I hold the deed for at least 6 months before they will refinance it.
Fedor Volkov
Reassessment notices are coming in....
24 August 2021 | 8 replies
I just had my home appraised for a cash-out refinance and it went up 15% in 6 months.
Jacob Jennings
Nonprofit purchase of 12 units for seniors in low income
21 August 2021 | 0 replies
We will refinance the property to give us over six figures in equity to run our nonprofit outside of donations or grants.
Shane Blackshear
My plan for acquiring the next property...
22 August 2021 | 2 replies
@Shane Blackshear I think it's great to refinance, especially with how low rates are.