Hey everyone,My current refinance company for all my BRRRR’s has always provided 80% LTV with a 3 month seasoning period on a 30 year cash out refinance.In light of recent events, they’ve dropped the LTV down to a max...
A small bank may be more personal but they have limited capital. Pros and Cons
Anybody been doing or seeing any second mortgages for rental properties in TX to pull cash out but to maintain the original note structure? About 10 of my properties are in 4.5% 30 yr notes with a ton of equity to pul...
I have 12 buildings consisting of 49 units (SFH's all the way up to an 11 unit). 3 are free and clear, the rest are ARMS of different types. (i.e. 3/3's, 5/5's, 7/1's etcl) all 20 year / 25% down / 5% neighhborhood. ...
I was just told by my lender tha LLPA’s are charged with investment conventional loans. Can someone explain exactly what those are and how to avoid them? I have never heard of this.
Who are the best lenders out there for re-financing investment properties?
I would like to take advantage of the current low rates, and would like to refinance a rental condo in FL.
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Hello BP,
What sort of mortgage rates are you seeing/using these days? 30-year fixed.
Recently inherited a 3 bedroom 2 bath house after the passing of my dad. Own the house free abs clear. It's currently rented and generating positive cash flow. But now I'm considering purchasing 1 or 2 town homes i...
I'm closing on my first rental property on Friday. The closing costs will be close to $5,000. (Secondary market). The one purchase price is $55,000. This seems like a huge percentage of the overall cost to be paying i...
I’m having trouble finding a lender that will provide a HELOC on a rental property in Indiana. I am an out of state investor. The issues I’m running into are:Not owner occupiedNot living in stateNot working in stateNo...