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Tried doing a cash-out refinance with Quicken to find another deal and this is the response I got:
Unfortunately when I submit this through the electronic underwriting system I don't get the thumbs up. Your credit i...
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Love BP! Its my first time posting, and I have a question I'm hoping someone has an idea on. We have been utilizing the BRRRR strategy for a few years with good success. Last year, we purchased a very nice 9 unit port...
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Hey BP World,NEW TO THIS REAL ESTATE WORLD....BUT we are looking to buy a house and may not be able to get pre-qualified for mortgage due to work history with current Non-Profit (Self-Employment) not being established...
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I am currently moving out of my primary house into another. I am going to rent my current house and after 3 years of owning the appraised value has gone up 100k. What is the most cost effective way to use my equity as...
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I am curious to better understand the expected time frames for completing the refinancing part of the BRRRR strategy. I would imagine many factors could come into play, but is there some general time frame I can base ...
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Hi, everybody. I am Amy.I and my husband Ray live in Broward County, South Florida. We are thinking purchasing our first rental property within next six to nine months. The price of the homes down here went up a lot i...
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Hello everyone, I haven’t been actively looking for another property to buy because I do not have anymore money for downpayment, but I’m trying to find other creative ways to do so and not let that be a road block. I ...
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I have a question about cash-out refinancing that I am hoping someone can answer for me. It takes a bit of explanation so please be patient with me.
When applying for a mortgage to purchase the property, the lenders ...
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Hi all,
I currently own 4 rental properties. The 1st 3 all have mortgages. The fourth I bought about 8 months for cash. Since rates have gotten so low I want to do a cash-out refinance for the fourth. My lending...
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I'm trying to figure out how to assess debt service costs when using a cash-out refinance to purchase a new investment property.
I own one investment property and am looking to use the equity in that property to purc...