I’m experiencing a slight problem that I didn’t know existed until now and it may just be regional. (Mobile, Al) The two banks I tried to see what the numbers would be regarding a cash-out refinance, they only do 75% ...
So I have been looking a wholesale properties to remodel and rent after. I was thinking about different ways to avoid the 6 month period in which one has to own the property for in order to refinance cash out. Here ar...
Hello everyone I been looking for deals and I am considering on using my HELOC to put as the down payment for a multi family rental, my question is can I do that? And if so how would I?
I'm using cash to purchase a vacant duplex at around 65-70% of market value. I plan on fixing a few things, renting it, and refinancing it with a mortgage to free up the cash again.
For refis, does each lender have a...
I've been doing some deep diving into the short-term rental markets here in Florida, and I'm excited to share some insights with you. Florida has always been a hotspot for vacation rentals, and the market is as vibran...
I made an inquiry with Quicken loans online. I was surprised to hear that they will not refinance until 6 months after the initial all cash purchase. This is the first inquiry I made because I am preparing to start i...
For BRRR, after a property is renovated, they can approach a lender to do a cash out refi. Does the lender evaluate based on ARV? or Purchase Price + Repair cost only? Also is there any restriction like time period (a...
I purchased the investment property in May and was told that I have to wait 6 payments before I can refinance. Why do I have to wait if I am only doing a rate and term refinancing.
Hello! I am new to REI and I have been running my numbers for multiple properties I have received from my realtor. The part that I get stuck on is the refinance part. Are there banks that will do more than 70% LTV?? M...
Hello All,I've been thinking about investing in a short term rental. Some place that I can reasonably visit myself if need be on a weekend. I live in the Bay Area and have been focusing on regions outside Yosemite nat...