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I have roughly $100k in equity, and a 3.375% 30-year rate. Is there a good strategy to most efficiently pull about 75k out to buy some SFH? I’m wondering is banks ever modify mortgages without a bunch of added costs. ...
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Residential lending standards have come a LONG way since the 2008 GREAT recession. It is much harder to qualify for a mortgage today than it was before the 2008 recession. Today 95% + of loans qualify show income in...
Wanting to put a down payment on a flip using either fixed rate equity loan or HELOC. Which is a better choice?
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Hello All! I am new to this so please bare with me on my terminology.Looking to purchase a home in my neighborhood to be used as a rental. The owner has walked away from a reverse mortgage and I am currently working w...
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16 terms you need to know in commercial real estate:
1. Internal Rate of Return (IRR): A metric used to estimate the annualized return on an investment based on the timing and magnitude of cash flows.
2. Cash-on-Ca...
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Hi! I'm trying to figure out how to get into real estate at a low cost of entry (~$50k cash), and so I'm of course trying to learn about how to use OPM and other creative financing options. So far I've kind of got the...
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Would you do it? If not, what do you suggest?I own a 4-plex in LA, trying to refi and pull out cash to buy multifamily (5+ units) in Florida. My current rate is 3.75% fixed. Owned the building for 7 years. Rates I'm g...
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I am having trouble finding a bank that will allow me to get a conventional 30 year loan with a low fixed rate because the property is owned by my LLC. They always say the deed owner has to match applicants. I know we...
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I have a small REI portfolio based in South Florida and looking for creative ways to continue scaling it in this tough market. Would appreciate anyone that wants to bounce ideas off each other or see how we can help e...
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Hello all. I’m relatively new to real estate investing.. I’m in the process of refinancing a house to get some cash out. I’m confused about who I should refinance with. Should I do it through a commercial bank where t...