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Hi everyone,I have 3 investing partners and we have formed an LLC in hopes to find a BRRR deal. Our plan is to buy the property in cash and refinance after seasoning. Is it possible to find a bank that will provide ...
I used a HELOC on my personal home to buy a duplex in cash. We're closing this week. Several improvements have already been done to the property and I'm almost positive an appraisal would come back higher than what I ...
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In order to refinance out of a BRRRR, does the monthly rent need to equal or be greater than the hard money loan?
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Can someone breakdown or point me in the right direction to find out how a hard money loan is transitioned to a refinance? Thanks Samuel
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Hello,
My friend is looking to buy property and I told him I'd ask for him. How difficult is it to re-finance at the end of a hard money loan(interest only, 6 months)? He might be paying 34 to 50% cash, the rest a lo...
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My grandmother is planning on signing a quit claim deed to grant me ownership in our family home since she is getting older. There is still a small mortgage on the house which I have been paying for the last few years...
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Hey all, I've got a SFH in Inglewood CA that I bought in 2019 because it had a massive old garage structure that could be converted to an ADU. I'm in the middle of that conversion now. I bought the property for $655...
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hey bigger pockets community. First time house hacker here. I’m getting into my first house hack and I’m thinking about my exit strategy. Can anyone describe their experience of refinancing after a year so that you’d ...
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If I obtain a hard money loan to buy and rehab a duplex I’m interested in. And want to later refinance it using a conventional lender. Will the lender require a down payment?
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Hi, BP! My husband and I have HELOCs on two of our four rental properties, and we used them to purchase and renovate our new primary residence. With interest rates higher now, and with some misunderstanding of the ter...