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Can I refi a rental property that I got through seller's financing even if I already have 4 mortgages on my credit report? I've heard 4/5 mortgages is the max.
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I recently purchased a home for $85,000 in cash, put another $15,000 into it and now it has a ARV of $139,000 based on area comps. I would like to get a mortgage on this home and cash out the majority of my equity...
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I've heard about a strategy people use when buying, rehabbing and then refinancing to "get their cash out". Would anyone be willing to explain how refinancing a property works in an example like this? (excludes closin...
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Hi all, I'm 18 and am taking an interest in REI and one question that I cant really find a clear answer to is What does it mean to Refinance your house and also what is the purpose of doing so too?
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Hello, I am reading an article entitled "How to Buy a Small Multi-Family Home" by Brandon Turner and in the article he said that he was purchasing a muilti family home for 90k In order to finance the house he used a ...
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Hello, Need help with this current Scenario..Conventional Loan @ 4.35% on a Single Family Home with a Balance of $295,000 & w/HELOC of $70,000. Property Value $520,000. Goal to take another HELOC for investments...
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I just put my first investment property under contract (duplex) I'm already thinking about the next one. How soon into a mortgage can you refinance?
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Hi,I need advice from the seasoned vets in here. I have a property I bought last year in February in the Sacramento area for $232,000 on a 30 year fixed at 4.1%. It just started cash flowing which I am ecstatic about....
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Hello BP,I'm sort of new to investing and recently purchased my first property. I own the property free and clear (no mortgage). I'm currently renting it out at $750 per month and would like to refinance and take some...