Jonathan Woelfel
Cash out refinance when property is paid in full
Hi everyone I am new to bigger pockets!I have flipped some properties recently to build up a cash account. I am recently looking to purchase properties all cash and then get long term financing to buy the next propert...
David Ashby
Clarity on Hard Money and Refinancing
2 questions regarding hard money for experienced BP members. I am getting different answers from lenders regarding selling and holding after a flip.
1. Are there seasoning rules that force a property to be owned for...
Sam Collins
Condo Rental In Angel Fire, New Mexico
Hey BP Community, I am currently on vacation at Angel Fire, New Mexico doing some mountain biking. We are staying here at the ski resort. I noticed there is quite a few condos for sale here. Does anyone on here own on...
Pete Harper
Line of Credit Options for Commercial
I wanted to see what line of credit loan products that are available for commercial. I own several properties 100% that are held within an LLC that I would like to be able to tap the equity without taking out a conve...
Greg Soon
Any bank will do a cash-out financing in less than 6 months?
I bought a foreclosure with cash, and would renovate and rent out. I know in general the bank wants to have 6 months seasoning period.There is a thread on using your own LLC to create a loan and then do a refinancing ...
Bruce Woodruff
Anyone else feeling the market pick up?
One of our STRs has been struggling since December. All of a sudden, starting last weekend we have gotten several bookings (6 or so). We were starting to get a little concerned, since that place is right downtown in a...
Lakshay G.
BRRR Concern Question
Hello,I live in Maryland (Near Baltimore). I may have been misunderstood but I was told at one of the REIA meetings by a person who works for a Self directed IRA company that when money is borrowed from a hard money l...
DeWayne Mann
buying, holding, and recouping my money
so, im getting conflicting answers from people. my question is this: if i use hard cash or private money to buy, rehab, and hold. as long as i keep my ARV under their loan threshold of 70-80%, i should recoup all t...
Jonathan Perez
BRRRR Refinance Interest rates
Hello all,I am curious as to what is everyone's experience using the BRRRR method right now that the interest rates are higher? I just completed a BRRRR and left about $8,000 into the deal. I used a DSCR loan on my re...
Ed O.
Vacation Property Rental Analysis
I'm helping a friend that's looking into buying a vacation rental in a ski resort area. I have read a bit, but still have a bunch of questions.
1. Is there a general average for the management fees, and what does th...