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I’ve owned a home for the last 5 years, with close to $120k in equity in it. However my income was been low since I’ve been an entrepreneur the last 2 years. Credit is over 730+. $15k in an retirement IRA.
I found a...
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BP! I own an investment/vacation property in California and am trying to get a home equity loan or HELOC for approx. 50% of its value to put toward another property purchase. I own it outright, have a great credit sco...
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I am pursing the BRRRR methods and delayed financing looks like a better option than cash back refinance. So that I can properly estimate my costs and fees. What are the typical closing costs when you do delayed fin...
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I seen a property that I would really love to get as a investment property. It doesn't need any work done to it and the seller is motivated to sell it. However I dont have the funds to purchase it. Will a hard money l...
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Hi all,We are trying to do the BRRR method on our first investment property, but have run into a glitch. We found a property and used a loan to buy it that allowed us to do only 15% down. We rehabbed it (using our o...
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Hi everyone,I have a HML that I work with that will provide a loan for 90% of purchase price. If I find a property that requires no work, would I be able to then do a rate-term refinance of that property at essential...
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Here is my situation:
I live in northern CA. I own 3 properties and live in 1 of them.
Property 1: value $1.1M, debt = $700K
Property 2: value $750K, debt = $400K
Property 3: value $500K, de...
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In January 2013, we purchased a SFH in SW MI for $145,000 w/ $21,750 down (LTV 85%), APR 4.375%. The house has been rented continuously since closing with rent at $1250. Our monthly cash flow has been $180. We rece...
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I need a little help thinking through the value of refinancing. Let's say I have 50% equity in one of my rental properties, and I have desirable financing on that property (30-year fixed @ 2.75%). If I do a cash ou...
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Hi,
I am looking for lender recommendations that can do fix and flip loans. Only need around 25%-35% LTV with loan amounts around $100,000 - $150,000 for 12 months. Looking for no pre-payment penalties and the abilit...