Shivron Sugrim
Out of capital and repairs are needed, please advise! Pittsburgh
23 August 2021 | 11 replies
You can refinance, pull money out and repay your short-term loan.
Nicole Harrington
Hard Money Lender charges
24 August 2021 | 2 replies
The current SFH I working on I am doing a cashout refi at 3.25%, I'm purchasing the house cash, will renovate, and refinance ARV, after repair value, with a traditional loan.
James Lauer
Newest project.....BRRRR or Flip?!
22 August 2021 | 2 replies
It is a straightforward flip that will take me approx. 3-4 weeks to complete and estimated profits are $30,000-$35,000.If I keep it as a BRRRR here are what the numbers look like:$145,0000 - Purchase Price + Closing Costs$30,000 - Improvements $1,500 - General holding costs (taxes/insurance/utilities)$2,900 - Loan on unsecured line of credit All in - $180,000Comps are around $225,000, which would put me right at $168,750 (75% LTV), this means I would leave around $12-$15,000 invested in the deal after the refinance went through.
Jonathan Buelow
Feedback on my current situation
22 August 2021 | 2 replies
These are a few of the options I have come up with and would like to get some feedback on:Option 1: Continue living in the mobile home and using my money and a Cash-out Refinance as a down payment on a du-quadplex.Option 2: Use Cash-out refinancing to remodel and flip the trailer, then house hack a du-quadplex.I am leaning toward option 1 because my utilities and lot fee combined are cheaper than rent in my area.
Matthew O'Dell
Owner Financing, Good Deal?
20 October 2021 | 6 replies
My first move was a cash out refinance of my primary residence.
Nellie Black
Brand New to Real Estate Investing
25 August 2021 | 17 replies
So if you have the cash you buy it, then you can refinance in 6 month or do delayed financing (less than 6 month) meaning you just get a loan on the property (normally 70-75% of appraised price) and take back the cash to buy more.
Nathan Kapusta
Best way to do a partnership?
25 August 2021 | 4 replies
In order to refinance to a specific person, we need to have a majority shareholder in the company (51-49%).
Emma C.
First Time Househack in San Diego with $45K Cash - Possible?
25 August 2021 | 6 replies
I recommend always going for conventional if able because the PMI is drastically lower than FHA and you have to refinance an FHA into another loan in order to get rid of PMI at the 20% equity point (conventional PMI falls off automatically).
Zachary Bowers
Getting Started. Second House.
24 August 2021 | 6 replies
(This is an unofficial duplex)I pay Utilities (Electric, Water, Internet)I want to refinance (possibly cash-out refi) this property and put it under an LLC.I then want to then use my capital to purchase another home using an FHA loan.Can anyone please give me any advise that they think would help guide me through this process.
Bryce Shipley
4 Properties and no cash, now what?
24 August 2021 | 17 replies
You can cash out refinance and hold the cash out proceeds on your books until you find a larger deal you want to purchase.