McKellar Newsom
Creative Bid Ideas
I like negotiations, but with REOs you often don't get to the table with the bank. The only way to communicate is through the use of a bid. What creative bid ideas have you used buying bank foreclosures?
Jason Lin
FHA Loan + Cashout Refinance
Hi Biggerpockets member,
I had a quick question relating to the FHA loan and cash out refinance...
Lets say I wanted to purchase a duplex using the FHA loan. From my understanding you cannot get a FHA loan if the pr...
Daniel Y.
Counting new rental income into a refi
Hello BP,I am sure this has been answered before, but I did do a quick search on BP and Google and it gave me answers, just not what I was looking for.My question is if you acquire a new rental property, can you use t...
Jared Burnett
BRRRR question about the refi part
Hey team!
The BRRRR strategy is sounding very appealing to me as a newbie, but I have questions on the refi part. How quickly after a purchase / rehab can you refi in order to pay off private loans?
Looking forward to...
Nathan Frost
All in One HELOC (Advantages)
Hi, I am about to close on an AIO HELOC. Anyone have one and let me know the way to ultimately take advantage of it? Would it be smart to put all my rents and paycheck into the AIO to pay down the loan as fast as po...
James Calabrese
BRRR strategy - seasoning required before refinancing?
Hey BP community,How much seasoning (history of rental income) is needed when going to execute the ‘refinance’ section of the BRRR strategy. I was speaking with Bank of America the other week and was told they’d need ...
Robert Haviland
How to Get Multiple Estimates/Bids From GC's
Hi Everyone,I have a newbie question regarding how I should go about getting multiple GC's to give you estimates/bids on a rehab. For instance, if I wanted to look at a distressed property with my real estate agent wo...
James Palassis
HELOC then Refinance (without BRRR)
I've learned a lot about the BRRR stategy, and I have a question about the refinance part of it. My primary residence is paid off, and I have an open HELOC on it. Sometimes I come across deals on MLS (through my realt...
Alane Riccardi
Bidding on a Hubzu Home
Hi I was hoping someone could help me. I am new on here and have placed a bid on a property, ( I am currently the highest bidder which I see really doesn't mean anything) However, if I do get lucky and somehow win t...
Greg Worzalla
HELOC or Refi to finance?
With the low refi rates out there, I'm wondering if this is now the better option to finance my first time rental property. Needing $40K for the DP, if I use my current HELOC with a 3.75% rate (assuming it says aroun...