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Hey!I own a single family free and clear. I would like to take out a heloc on it. It is non owner occupied. The rate I’m looking at is 4.75%. First 10 paying interest, next 20 principal...Is it possible to refinance a...
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Hello, I am at the refinance step in the BRRR method now. I'm wondering what the best way is to cash-out refinance. The property is held in an LLC, I am reading that this will restrict refinancing options only to comm...
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I am under contract on a new home that will become my primary residence. I was initially going to use the proceeds of the sale from my current primary residence to repay myself my down payment (currently coming out o...
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I am just getting started and still very new to this. I just recently purchased my first 2 rentals (in the last 60 days). Both are 3bd/1ba SFR in NC. Each were about 30k down, conventional financing. They cash flo...
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I've been looking for a definitive answer on financing for Subject-to deals, but If you were to acquire a property via subject-to and rehab the property, is a cash-out refinance a possible exit strategy and making the...
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Hey all!I’m having trouble finding a commercial lender willing to refinance a 4 unit commercial building I’m about to purchase using a hard money loan.Of the 4 units, 3 are residentially rented, and 1 unit downstairs ...
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Hello guys!!!Question for lenders,What are the requirements to refinance a rental property? I only owe $30k on it and would like to refinance for a better interest rate as my credit is perfect now and was not when I f...
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I recently bought a duplex with all hard money. The hard money loan expires in 6 months. I’ve had the property for about two weeks and I’m currently doing some renovations on the property that will be completed withi...
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Hello BP,I need to refinance a rental property that I purchased through my LLC. I reached out to CU’s and local banks about refinance, but they mentioned I need 12 months season period before I can cash out refinance....
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Hello again everyone,This question has been bothering me for quite some time now, so:I have a one door condo flat on the second floor w/ HOA that currently cash flows about 400/month.Purchased the property for $110,00...