Hey BP,I will be acquiring houses using subject-to financing. I will sell the house using a wrap mortgage to buyers with bad credit. I want to know if it's dangerous to acquire the houses sub-to when the lien on the p...
hello geniuses :I have been purchasing buy and hold properties with a line of credit then immediately after rehab get a cash out refi for 75% of the appraisal value. The loan is an adjustable rate loan which is fine t...
Hey Everyone. It's been a little while since I have made any posts on this site. Between moving, rehabbing, and getting married.. it's been a fun ride.What brings me back to the site is that i'm moving on to another p...
I’m in the process of refinancing two rental properties for the first time. My estimated closing cost and interest rate seem a little high.Interest rate: 5% Property #1:ARV: 150,00Closing cost $7,360. $2,727 are for e...
Hey guys, I am purchasing a rental right now that is being built and my lender recommended to pull an Interest only HELOC on my current home that I have equity in it. I want to have the HELOC open for any future short...
Hey Everyone.It's been a little while since I have made any posts on this site. Between moving, rehabbing, and getting married.. it's been a fun ride.What brings me back to the site is that i'm moving on to another ph...
Hi,
I noticed that many commercial loans have a 5 or 10 year call; what happens when the loan is called? Do you just renegotiate a new rate for the loan with the current bank or do you have to go through entire proces...
Hello, I just secured 50k HELOC with 3 first years fixed rate of 3.49%. My plan was to pay off an investment condo with mortgage balance of 44k. It is Adjustable rate loan, recently 4.75% till 2023. After that rate go...
Hi all, We are coming to a stand still in our Investing and would love to have your opinions on what to do next. Our goals are to buy and hold real estate and lately we are really loving the idea of STR. We own two ho...
HI everyone I am looking for a bank that i have good long relationship in investment near central Texas ( Lampass county, bell county, Williamson county, travis county) Pleas let me know. question: I approach a bank...