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I'm sure there is a creative workaround but the trouble I am finding with BRRRR model is the Refinancing part!! More specifically, I can't seem to refinance due to my Debt to Income ratio due in large part to BRRRR!!...
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I started investing 4 years ago doing BRRRR, right now I have a portfolio of 6 SFH worth around $1.1M with $600k in debt and around $1.5k monthly cash flow. I'm a foreign national so my cash outs are capped at 60-65% ...
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I need help getting a HELOC on my principal residence. I am 1099 self employed and have about 3k /month in rental income. I I have 150k in equity in the house and im only looking for $50K, but I keep getting turned ...
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I have an owner of a distressed property who has almost 160000 in equity in her property and the best usage for the property would be to convert it to a triplex. Her husband and her are too burned out to manage the la...
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Hello everyone,Looking to move forward on obtaining my second investment property and I would like to hear some opinions. Some background, I purchased my first duplex last year using my first time home buyer 3.5% down...
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I currently have 3 rental properties titled under my LLC with $50k+ of equity between them. I'm looking for creative ways to tap into that equity to grow my portfolio. Any suggestions? Thanks.
2 co-owners (on title as joint tenants) to a residential property market valued at 218k in equity with no current mortgage, one co-owner wants to buy out the other co-owner for half of the market value at 109k with 9...
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Does anyone know of any lenders that offer Line of Credits on rental properties? I live in NYC and have a rental home in St Petersburg Florida with approximately $120,000 in equity. I'd like to use the equity to purch...
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This is in SF bay area so 50% rule doesn't apply :-). Newbie here so looking at my first deal.Price - 500KDown 25% - 125KAnnual income - 33KAnnual expense (Craigslist) - 26K(Annual interest - 15KTax - 5.5KHOA, repair...
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I'm about 8 years from retirement age, with just a few thousand in savings and a 401k that's smaller than the national average for people my age. However, I have excellent credit and over $160k in equity in the house ...