Caitlin Stables
Heloc vs cash out refi on current primary to purchase a STR
We own our primary with an FHA loan currently and we should have about 80k or so in equity based on comps. Is there a better v best way to go about this? We ultimately want to own a few local STR's in the Richmond/Cen...
Narinder Gill
Rental property HELOC
Can someone recommend a bank? I have a property free and clear and would like to open up a line of credit on it to buy couple more rental property using HELOC. I’m in CALIFORNIA
Samuel DeMass
Cash Flow or Pay off?
Hey BP!I wanted to start a discussion to hear other arguments or inputs other than my self generate content on the following:1.) Is maximizing cash flow or loan paydown/payoff more important? #askBP2.) Why?Thanks for...
Eric S.
What are your suggestion for investing $150k from equity?
Hi, I live in Toronto, Ontario (Canada) and have $150k in equity in able to access. I would like to start purchasing student rentals which would have a purchase price of around $400k. I'm not able to be approved for a...
Rene Martinez
HELOC and Down Question
My mother wants to buy me a home, credit was damaged recently and am working my way back. She would like to buy it and I'd pay the mortgage. She has a HELOC loan already, can she add to that loan? Or does it need to b...
Ki Lee
Refi and LLC for BRRRR?
When using BRRRR, if I acquire the property using LLC, I’d have trouble refinancing... I’d imagine that we’d have to get the property under personal name and then refinance. From acquiring the property to rehabbing ...
Cosmo DePinto
Cash out refinance
Hello. I bought a rental in 2021 that has a good amount of equity it in now (over $150k). The problem is my interest rate is under 3%. Do you think it’s better to cash out refinance and take the equity and buy more…or...
Mister Jenkins
Bank or Mortgage company?
Looking to buy a small multi family this year. Which would one recommend for a FHA W2 job.thanks in advance
William Lewis
Refi or HELOC...??.......!?!?
My wife and I started investing officially 12 months ago. We had been "househacking" or renting our old condos before that. 12 months ago, we paid cash for our current rental (because we couldn't get a loan as a resul...
Jeff Houpt
What rate are you getting from your portfolio lender?
Hi Bigger Pockets!Thought I would do a sanity check and see what kind of rate others are seeing from their portfolio/nonconventional lenders. Specifically the financing terms your getting on your 11th+ homes. My lende...