Good Morning,I am purchasing my first rental property and am planning to do a cash out refi on my current home, as it is nearly paid off and seems to be the easiest, most cost effective route.I came across Scott Trenc...
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I have about 5 properties that are ready to be refinanced via the BRRR strategy right now. Would it be better to refinance using 5 different loans, or combine them into some sort of a portfolio refinance? If a portfol...
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Seeking a company in the Baltimore area that requires 80% or less LTV when doing a cash out refinance deal. Looking to pay for a property all cash via heloc and local lender is saying I need 70% LTV
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Hi BiggerPockets Community,I am looking for a lender for a cash-out refinance loan in Hartford, CT. I've had the property for 2 months so far. Since closing we already did the full rehab and rented all units. Can anyo...
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Hello, I am new to real estate with a quick question upon the BRRRR method and the cash out refinance. If I buy the run down property out right with straight cash do I still have to wait the 12 month hold of ownership...
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I have about 350k equity in my 700k home.I can get my hands on some 100k properties that I can rent out ~1,000/month.If I take out 300k in equity, I know that I will have between 2 and $3000/ monthMy current mortgage ...
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Recently purchased a home for $85K Cash and have put about $13K into it for a total investment of $97K.It should appraise for around $130K.I would like to hang on to the property and rent it but need to recoup my inve...
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Hello again,
So, I am in the process of Cash Out Refinancing my one rental property at $175,000 estimated value.
Appraisal came back at $182,500.
Can I pull out from the $182,500 appraised value or do I need to sti...
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Hey Y'all,
I have owned my home in Jax, FL for a little over a year . There are some renovations I would like to do before I think abt renting it out or selling it.
Such as:
Quarts countertops and backsplash in th...