OK, I can't seem to use the search function today, or the answer is just too vague... Here's my dilemma: underpriced condo in rapidly progressing neighborhood of very desirable city. No rent cap, so no convention...
Hello all, needing advise here. I am finishing up rehab on duplex and looking to refinance out of hard money. Both sides will be rented out. I am not getting the response from bankers that I expected. I am looking fo...
I'm just wondering if there is a general rule of thumb for the amount of time that has to go by before you can cash out refinance a conventional mortgage. I just closed on a property about a month ago and after some i...
I currently own 3 duplexes, all of which I purchased while working as a full time UPS driver with conventional loans. I no longer have a W2 job and I want to rehab and hold rental properties. I have 70K in reserves,...
Hypothetical question.Say I got a 4-plex with a 203k at 3.5%. While living in it, I renovated it, and then refinanced. Would I keep the 3.5%, or would that change?What about after a 1031 exchange?
So, I have an eye on my property that's a HUD property. Its about $40K. I want to make offer at $35K. ARV is about $120K after about $40K or so of rehab. The deal is a little bit tight, but can always be rented out f...
Hi BP community. I currently own two rental properties and I am looking to buy a few more. I have the option to refinance one of my properties for cash or I can go through a hard money lender. My goal is to buy, renov...
What's up BP fam. I've found a potential seller interested in seller financing (contract for deed) through a title company. It's a fully rehabbed EOG townhouse asking $65k. What I'n thinking to offer is $4k down and $...
Hi everyone,Has anyone done any cash out refi's recently in PA or more specifically in Philadelphia? The few local lenders I've worked with in the past (not for refi's) are all requiring 12 month or rent seasoning wit...
Hi Guys, Could you please advise me on the following situation:
I have a property free and clear under the name of LLC. I would like to get some money out for another deal. Is there any type of stated income refinanci...