Christina A.
Mortgage Help for Self-Employed
Hi members and mortgage prosI've been self employed for a year. Can prove consistent income around $8k/ month. Credit is 800. I'm sitting on 500K cash from a recent property sale and have 1.5M in investments. Last, I ...
Dan Marl
How soon can I use money from refi cash-out for a down payment?
Hello everyone. A few months ago I bought a house cash. I was able to rent it out and just finished cashout refinance with an LTV of 75%. Can I use that money for a down payment for another house right away?Will the n...
Joshua Fredericksen
Early Mistakes from a Noob
I just placed my first accepted bid on an online auctioned foreclosed house. At the close of the auction, I was the highest bidder at $59,900 for a 3bd/1ba in SE Wisconsin. But I have not even received my pre-approved...
Jose Ortega
COMMERCIAL LOAN IS DUE NOW WHAT?
Hi BP, My question is, after a commercial loan is due, for example 10 years loan with 30 years amortization. Then a balloon payment is now due for the remaining balance. What options are available in order for you t...
Michael Gayer Jr
Short Sale Questions
Aloha Hawaii Property Investors,Can a home owner (in Pre-foreclosure) talk to his/her bank and get a Short Sale price from them, then sell it at that price?Can the home owner sell at this Short Sale price to a Buyer o...
Bryan Patterson
Some financing advice
I was wondering if the BP community can help me understand or advice me to how I would be able to refinance a house if I have no job? It's hypothetical. I'm employed now for 8yrs and I just started my paint business. ...
Cristin Andrews
Funding strategy for first Turnkey?
Complete beginner here looking for some advice. I’m about to be an empty nester and in one year plan to move to an apartment and turn my 4 bedroom Houston home into a rental. I’m also thinking of investing in Turnkey ...
Saman Pari
Suburban/rural SFR rented to 2-families - refinance
I have an SFR I’m trying to cash out refi. However being rural I’m running into challenges with lenders. The house itself is split also to support 2 families and gives great cash flow. What type of lenders would work...
Rogelio Andres Jimenez
Cash Out Refinance
Hi Everyone! I hope you're all doing well. I have a question regarding cash-out refinance rates for rental properties in 2023. I recently invested in a new build at the end of last year, and the property is now 100% c...
Holly Thorsen
Lending question re: HELOC/loan options
Hi all! I own a home in CO which was my primary residence and now it’s a rental. I’m on the deed, not the loan for the current house I live in here in GA. What would be the best loan option for purchasing another prop...