Mike Wang
Rent or foreclosed
My situation here is: I have a underwater townhome appraised at $200,000 or less. But I have a mortgage at $280000 to this property. I was unable to refinance the property by the current low rate. the 1st mortgage i...
Andrew Thomas Vedder
Pay down primary or save for first rental
Q: Should I pay an extra $500 on my principal on my primary residence or save it towards a rental property? Overview: New homeowner, $120k income, ~7K monthly net income after deductions (Roth max, 401K, healthcare), ...
Jason A.
Unlocking Value from my Buy-and-Hold
Greetings,I'm considering some options in unlocking value in my buy-and-hold property. It currently has roughly 145k of equity. It's appreciated about 45k since I bought it so a 1035 exchange is probably not that inte...
Aymen Mandil
HELOC: Use for multiple purchases or pay off quickly
Hey BP community! My name is Aymen and I am super excited to be a part of this community and look forward to learning and growing with everyone! Thank you in advance for taking the time to read my post! My goal with t...
Travis Pirtle
Is Now (Still) a Good Time to HELOC?
I've finally convinced myself to pursue a HELOC on my primary residence to fund the down payment on my next rental property, but the speculation of additional rate hikes has me nervous. I've contacted a few lenders, a...
Jeremy D.
LOC vs mortgage
Hi everyone,
I'm in the process of refinancing a mortgage and would like to hear your opinions on these two options.
For illustration purposes let's say the mortgage balance is $30k and I'm going to ref...
Clinton Keith Cunningham
ARM Loans vs New deal
I am looking for advice on where to prioritize my energy. I have two single family rentals. One is on a 30 yr fixed and the other is on a 7 yr arm loan (two years remaining) Do I refinance the arm loan now? prior to ...
Aaron Jones
Chicago Rental Properties
I’m looking to purchase my first rental property and I have an opportunity for a 4 unit in Chicago. One of my major concerns is of doing any type of property in and around Chicago the unnerving cook county tax rate. I...
Cheryl Stevens
Which property should I finance?
Hello Everyone,My husband and I live in Maine and want to buy a home in Florida in the $250K-$300K range. It would most likely not be a rental. Our home in Maine is not mortgaged. It would probably appraise for $50...
Kory Hodgson
Good commercial mortgage rate
What is a good commercial mortgage rate in Ontario, Canada. Can I expect to get similar to residential rates if I am purchasing a 6-plex? I am just looking for guidelines, I have good credit and assume the property h...