Joel Perez
Refinance out of a 203k FHA loan ,question for mortgage officers.
Ill be buying my first home next month w/ a 203k FHA loan program. I'm then planning on refinancing out of the FHA loan into a 30 year loan to remove the mortgage insurance after building the equity.
My question is t...
Betson M.
Can you take out a HELOC on an investment property in Texas?
Hello All,I recently moved to a new house and decided to rent my old one. I wanted to see if it's possible to get a HELOC on the rental property to buy another one? I refinanced to a mid 2% rate a few years ago and di...
Minsub Song
First Time Home Buyer Using VA loan
Hello, everyone I am a first time home buyer. About myself: 100% disabled (Permanent & Total) VA rating veteran. I am located in Denver, CO. Looking to buy our first home price range between $450-500K using the VA...
Nicholas Adam Cramer
Business Line of Credit on Rental Property - Richmond VA
Hi all,I have been using the BRRR strategy and refinancing my money out of rentals. I would like to explore opening a business line of credit based on the equity I have in my rental as an alternative to refinancing. I...
Jeremy Suffel
Private Financing Analysis
All,I'm currently analyzing my first BRRRR purchase. Being new to this, I want to make sure my financing is solid.The offer:$75,000 Credit Line @ 5-6.5% interest$5,000 one time fee at refinance (no interest)If I sit o...
Zacher Bayonne
How does refinancing (for investments) impact your credit?
Hi all,I am a new investor who is interested in buying a duplex in Baltimore, MD. Soon after making the purchase, I would like to refinance and pull my capital out to continue investing. For those who have done this, ...
Karen Mills
? about DTI ratio and moving out right after refi on our primary
Our neighbors house is going on the market in two days and we can offer cash but would want to refinance fairly quickly. Need to move quick as I know the market is bonkers (Eastern North Carolina)
3 questions-
1...
Chris Lounsbury
Refinancing in BRRR method
Hi BP world. I need some advice on a deal that my family did using the BRRR method. We bought a duplex for 20k, put 55k into it and it is now renting for 1650/month. We weren't able to get a conventional loan when ...
McLaren G Westland
Purchased my rental with private money
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $106,000
Purchased with 100% private money, refinanced 5 months later and only paid closing costs of $3000. Appraisal c...
Ruben Pereira
Does refinancing still help me BRRR?
Hi BP, I called the lender on this property and they offered only a $34 monthly reduction after refinancing, I wanted to BRRR this house but I don't know what I'm missingWhats an average % reduction of mortgage payme...