Joshua Buchanan
Help! Cash out refinance question!!!
I keep hearing about the BRRRR strategy, but i dont know how effective it is with cash flow. Couldnt this strategy kill your cash flow?Say you refinance and increase your loan amount to pull cash out. Once youve incre...
Hector Lewis
Lender will not approve purchase due to the price is too low
Hello,I found a multi family property that is under $100k. I am already approved for $130k. When I told my lender about the property, they stated they could not finance if it is under $100k.Does anyone have any sugg...
Dolly La Salle
Interest rate 6.068% too high?
Hello. I plan to buy my first rental and received a pre-approval from a mortgage broker for a loan of 6.068%. I understand that the interest rate is higher when you buy an investment property, but I have really good c...
Chris Daliani
Multi-Family % Down
Hello All,A friend of mine is purchasing his first investment property. It is a 4 family property about to go under contract for 350k.I am wondering if it is wise to put down 20% or the minimum of 3.5%. He will be own...
Tyrell Rutledge
Subject to, then refinance.
My brother and sister in law recently purchased a new home here in ok. Their old home is in need of repair with about 75k left on the mortgage. The arv is 120k. Rents around 1k.Here is my question. They are willing to...
Jess Kempf
Bigger family- moving AND first investment
Until two months ago we were pursuing early mortgage payoff Dave Ramsey-style on our primary residence. We discovered Bigger Pockets and have been drinking from the fire hose trying to learn this new language of REI ...
Lucas Mills
Feeling a little lost as to the best way to proceed
I'm in the very early stages of educating myself as it relates to REI, but I've started thinking about what kind of path I want to follow because I believe it is important to have a goal, or at least a path, in mind.T...
Andy Thoman
Help understanding leveraging debt
So I don't really understand the whole Refi and HELOC situation... I have a few questions.What are interest rates usually like compared to traditional residential mortgages?What is the difference between refi and helo...
Kari D.
BRRRR refinancing question
Looking into attempting the BRRRR method, most likely with using a hard money lender for the initial purchase and renovation, however I am concerned about refinancing with our DTI ratio. Is this a potential issue, or ...
Sarkis Gezalyan
2% rule with down payment
Hey guys,
I’m learning how to do an analysis on properties. One thing I’m confused on is the calculation of the 2% rule. Can someone give me an example of how down payments come to play? For example, let’s say a pro...