Cindy Galdos
Finance Decision Crossroads for 2nd Property
Hello, BPs community!!This is my official 1st post! A total Rookie here but ready to learn about the RE investment market in South Florida (for now).I already have a Condo (primary residence) and planning to buy a 1st...
Gary Kaucher
Seller Financing - Condo Declarant - PA
My wife and I are the Declarant for 32 residential condo units that we built in Pennsylvania between 1984 - 1987. We sold 26 of those units then, and retained 6 units that we have leased out over the past 28 years. S...
Mike Rios
1st lien HELOC or cash out refi
Hey BP,About to finish my first BRRRR but need some help deciding whether to do a first position HELOC or Cash out refi.-Bought house free and clear for 190000-Rehab was 100000-Appraised for 345000 (275000 80% LT )I’m...
Mick Murray
BRRRR still? Refi options in current market?
Looking to pull the trigger on my first purchase, and BRRRR appears to be the best strategy for our situation. But I'm running into roadblocks in terms of the financing on the back end and the numbers still making se...
Wojciech Grajewski
How to take equity out and buy another investment property?
Hello,I own a home on Long Island that is currently worth about $500,000. The house is fully paid for. I have about $48,000 in cash and would like to purchase my first investment property. Should I do a HELOC? Can I d...
Joe Stout
HELOC Interest Only Payments
Good morning, wondering why my co-worker is paying $700 in interest only payments but has been told that he can't take out any money from his $130,000 Home Equity Line Of Credit (HELOC). Don't you only need to pay on ...
Angelo Revercomb
Can you pull money out of a owner financed home?
My wife and I were working through some sceneries and had some questions we were hoping to have answered.We are looking to get into multi family investing early next year. We currently owner finance a home. We have ac...
Michael Healy
Could 10yr "Fixed ARM" be better than 30yr fixed?
Hi everyone, I've been flipping for a couple years now and I'm working on making this recently rehabbed home into a rental. (BRRRR method of course) The bank is offering a 30 year fixed at the price I purchased the ho...
Trey Prince
Firm numbers on BRRR
I was thinking about developing a relationship with a private appraiser in efforts to get firm numbers for a cash out refi before I even close on the property. Has anyone ever done this before ?
Damion Ricketts
Should I find a co-signer
I have 2 properties with equity an I want to HELOC or cash out refinance them to purchase more rentals but I don’t have the depth to income or credit score. Do I get a co-signer or just work to get it right first?