I was just told by a mortgage professional that, 'If it’s a single family home, you can take cash out of the property up to 75% of the original purchase price you paid in cash'.
The questions was, "if I purchase a re...
I've been self-employed for less than 2 years. Would I have a problem getting a HML refinanced if I've been self-emplloyed for less than 2 years if I have an income producing property?
I don't have a HML on any prop...
Hi everyone - we had a webinar on refinancing rental properties a couple of weeks ago, and I missed it (oops!). Do we have a replay, and can someone tell me how to get to it?Any and all help welcome - hope you all ha...
I am currently in a very high interest hard money mortgage that balloons in September 2025. Our house is assessed at 415000 and the mortgage is 269000 and not declining because everything goes to interest, taxes, and ...
Hey all
I've heard people do re-financing quite often and was wondering if this was a viable strategy
Basically what I am thinking of doing is - and keep in mind I'm currently un-employed, living in Can...
Hey BP Community,So far I only have to SFR's and I am hoping to branch out into the multifamily arena. I have two questions:Does anyone recommend any multifamily RE brokers in the Denver area?And does anyone have any ...
I've recently purchased a condo with all cash and looking for refinance options. The condo is in my business name which creates an additional complexity to the situation. Can anyone recommend a commercial bank th...
Hello,After rehabbing a two-family in Cincinnati, I am now beginning to pursue a cash-out refinance. My initial discussion with Quicken has led me to believe that some of the governmental guidelines around these mort...
Hello everyone. Here is the situation I am currently in and trying to resolve. About a week ago I bought a single family rental with cash and I bought it way under value. I would like to refinance it asap for the appr...
Lets say I buy a property cash and in 6-12 months after I rehab, I decide to refi. and pull out cash. question 1) The 2nd property that I purchased with cash.. can I refinance that property also or would a lender want...