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I am wondering if there is a certain amount a bank accepts to do a rate/term refi? I know some banks, at least here in Illinois, have a minimum of $50K loan for a purchase. I'm looking into HML and/or private loans ...
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This is likely an over-engineering some more simple transaction, but thinking aloud here. My mom has a considerable amount of equity tied up in her house and it makes sense for her to unlock some of that cash now to t...
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This a very basic question for the mases, in hopes to create some good investment talk. What are the pro's and con's of financing an entire flip 100% out of pocket? Is it too high of risk for return etc.? For discussi...
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Hi,Let's say that you're eligible for a 100k loan but you found a property at discount of 200k which is 75% of LTV. For example, your mortgage is $1,000 on the 200k home but there are tenants in there that are paying ...
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I had a great pro forma and was very familiar with working in it. However, I saw several other pro formas on this site and wanted to compare just to make sure I was doing everything correctly. I have looked at 4 diffe...
I was reading up about the BRRRR strategy and I don't understand how the refinance part works. Just wondering if I'm understanding this correctly. Thanks in advance!ExampleProperty bought: $75,000Renovations: $30,...
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Quick question . . . . for rentals, would you select a policy that is based on the replacement cost or the actual cash value? Obviously the replacement cost on an older structure is 2X or better what the property mig...
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I need some advise please. Quick history - i bought a sf in 08, sold in 22 - used proceeds to buy a duplex at 70% ARV with a commercial lender under my newly acquired LLC. My rate is 5% fixed for 5 years. I have a nic...
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I just purchased a 4-plex in IN with cash. I would like to put a loan on the property to pull out as much of my cash as possible to use for other property investments. Wife and I have high credit score and we are hi...
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I just had an idea, if we could figure out the maximum amount of dollars we could pay for a property per $1 of monthly rental income we estimate the property will bring, we would have a very easy way to figure out how...