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Hi everyone, I was recently approved for a cash-out refinance on my 15 unit apartment complex. The appraisal for the property turned out surprisingly well and the property was valued much higher than what we anticipat...
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Hey all! I understand the process of a cash out refi - but what I don't understand is where the lines should be. For example, if you take cash out of the equity in my duplex what's the line for the amount of cashflow ...
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Question to all investors: Who will usually cover the closing costs in an all cash offer? Is it typical for the buyer to cover it all in a very competitive market as Atlanta?
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Why do some sellers insist on cash only transactions? Even if financed they’d get their full amount at closing anyways so why the insistence on cash only?
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I’m told I cannot cash out refi for new value of property until a year has passed. Purchased 3 units for 90 cash, rehabbed and rented, bank says can’t use new value for a year. That will take way too long to replica...
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Does anyone have a contact for a bank/broker that does cash out refi and operates at competitive rates?Have been working with MACU and they are @ 3.625% the broker seems to be to busy to want the business. ICCU is rea...
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I'm 17 and wanting to learn more about real estate. I'm currently saving as much money as I can for a downpayment. Where would I store my cash? Checking, Savings or any other?
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I have an opportunity to buy a 5 single family portfolio. No rehab needed, all with tenants already. Here’s my question:Is it possible to get a hard money loan to purchase the whole lot, then refinance all 5 as a port...
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I have a property manager and contractor in place I trust who is able to video properties for me and recommend areas to avoid. I've seen his cash flow numbers with Section 8 tenants in place on properties he own dire...
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Hello Bigger Pockets Community,I am a newbie just starting to get my feet wet in the investing world. My father passed away about a year ago and I bought out my sister's half of the house and renovated it. The house i...