Joe Jensen
refinance or not?
right now i have a private loan (owner financing) for a condo in St. George Utah. I owe 19k on the property and my interest rate is 4.8%If i go get a loan through my credit union i can probably get a 3.8% and my priv...
Account Closed
Refinance deed restriction
I’ve heard it said here and elsewhere that banks sometimes have deed restrictions that in addition prohibiting resale, also prohibit refinancing for a period of a couple months after the purchase of an REO. Does anyb...
Adam Means
BRRRR refinance confusion?
My wife and I are just starting to get serious about REI. We are looking at different methods to invest. She is wanting to do traditional financing and I would like to do the BRRRR method. We decided to divide and con...
Justin Holley
BRRRR Refinance Language
I am about to complete my first true BRRRR. I am in the refinance phase of the project. Here are the details. This is a single-family residence, ARV 90k, purchase price 20k, rehab was 38k. I am looking to refi int...
Chaits J.
BRRRR - Refinance Step
We are doing a BRRRR for first time and would like to know what are regulations around refinance step.Property that we are looking to Buy,Rehab,Rent is a Duplex( Single family home that added an extra Mother In Law Su...
Bryan Rodas
Cash out refinance!
Hello, I'm currently trying to help my brother get a cash out refinance for his house. He bought his property like a year and a half ago, and since then, he completely fixed it. He even added an above off the ground ...
Rickey Wiley
BRRRR "Refinance" Stategy
Hello BP!Quick question on the "BRRRR" strategy, specifically the 3rd "R" - Refinance. My question is what exactly are you refinancing and what is the benefit? Are you just trying to get a better interest rate on the ...
Kane Rickman
Possible Refinance Scam
I need some advice here on a refinance I am going through currently and to see if it could be a scam. I’m going through a broker whose number I received from the mail on a streamline refi letter. He has been very ea...
Mike Dusenka
Multifamily Refinance Question!
Let's say I find a deal and put 0 money in because I use a private money lender. The property is currently valued and selling for $750,000. The seller is motivated, and I purchase for $600,000 and add $30,000 in repai...
Ben Lee
Miami RE finance
Anyone know which bank is best for loans to purchase multi-family (4 plus units) in the Miami area? Anyone know some reputable hard money lenders here, too?