Ryan Roundtree
Can I extract equity from multiple properties?
Hello,I'm curious, I own two separate rental properties. I bought them cash so I have 100% equity in both. They are worth about 40k each. I rent them out for $650 each a month for a total of $1300 a month. Is there an...
Shaqiul Chowdhury
Looking for lender that does cash out refi. 90% LTV and favorable terms
Hello all,
I fully renovated a property in Decatur, GA but it has been sitting in the market for a while and I'd much rather keep it for a few years and watch it appreciate further than take a loss as it is a great p...
Jackie Nguyen
Refinancing with hight DTI
hey folks, i have a primary home with a mortgage and an investment property with a tenant inside and no mortgage on it. I recently acquired a building that i will be turning into a restaurant. I want to either cashou...
Account Closed
Don't understand BRRRR strategy?
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,...
Artem Moskalenko
Using Hard Money Loan to purchase/fix up house, then refi into a conventional primary
Hello All,I am thinking to purchase a fixer upper property using a hard money loan, fixing the property up and then refinance into a primary conventional mortgage loan and live in the house as my primary residence. Fe...
Eileen L.
Selling primary residence to buy rentals
Just looking for advice on an idea.I have my primary residence in CA (conventional loan @2.875% - approx. $180k+ equity). I’m closing this week on my second rental property (both conventional) in St. Louis. I am eligi...
Sara A Bajuyo
Need help deciding which payment method to use to buy first STR
Hi all,Need some wisdom. We have a house we want to purchase for a STR that comes in at $170,000. I am approved for a DSCR loan with 20% down and 8% interest. (I am independent contractor for less than 2 yrs, so conve...
Michael Heredia
Down payment funds for rental property loans
How much did you put down for your rental property loan? What are the source of these funds?
Just trying to see if I should continue to save or if there are other creative ways to secure the down payment funds on tr...
Veronica Giggers
Should I be my own general contractor
Good morning BP family. We are purchasing a SFH that needs rehabbing. I'm deciding if I want to be the general contractor or hire one. What are pros/cons of this? Is there enough cost savings for it to make sense. Wha...
Tim Robinson
Rights of Junior Lienholder
Hi: I'm hoping someone here has an answer. I funded a loan in California secured by a 2nd DOT at $399k behind a $633k first @2.85% 30 year fixed- three years into its term. The value of the property today is north of ...