Roy Mitle
Trying to understand cash out refi
Suppose I buy property with cash (to get a better deal, quick close etc). Can I refi with a mortgage and get the same rate down the road?Let me explain. Say price of home is 500K and investor mortgage rate is 4.5%. I ...
Tyler D.
How does prop 13 work?
I'm interested in buying an investment property in California, largely due to the advantages of prop 13. As I understand it, it caps property tax raises to 2% per year, which is hugely beneficial in areas that appreci...
Johnny McKeon
Quoted over 8% interest rate for owner-occupied fannie mae 5% down 4plex
Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DT...
Andrey Y.
Cash out refinance closing costs
Ladies and gentlemen,What would you folks except closing costs to be on a cash out refinance in the amount of $150,000 (lender and escrow fees)? Say the transaction has zero points. Would you expect it to vary much fr...
Matt S
Cash Out ReFinance on Investment Property
Are there any options out there to cash out refinance when an investor has more than 4 financed properties?
AJ Satcher
Does a HELOC Work Like Actual Cash?
This could seem like a silly question, but I am going to ask it anyway to gain a better understanding of how a HELOC works. So….If a HELOC is a line of “credit”, what’s stopping me from using my personal credit lines ...
Randall Kates
Massive Fee For Cashout Refinance From LLC
I have a rental that I'm currently rehabbing that I purchased under my LLC that I will BRRRR via cashout refi. I was listening to a podcast and a fella said that it is better to purchase under your perso...
Jason C.
Maxed out on Loans
Hello all, recently maxed out on my loan limit (10) and looking for ways to get more nontraditional funding. Any recommendations/stories to share? How are rates compared to conventional rates?What is the closing/under...
Cody Cross
Seller Financing vs Getting A Loan From The Bank
I have a deal under contract currently for $130,000. It's a tri-plex in Louisiana. I'm in contact with a local commercial bank and the seller is willing to finance the deal at 8% on 15 years or I can get a loan from t...
Stanley Nguyen
Tax on private lending fund
I have been lending funds to a close friend of mine for a rate of 8%. I got a 1099-INT from him to file my tax, which I paid a big portion out of 8% (effectively around 6% after paying the gov). Is there a better wa...