Jeni Lu
Pay with all cash, or use as down payments?
I will soon have access to a lump sum of money ($40K) from refinancing a rental home that I own free and clear (I paid all cash, fixed it up, rented it out). Should I use that money to buy another rental home using...
Nathan Unger
Cash Reserves for Future Down payment vs. for Vehicle
We are needing to purchase a vehicle and would also like to purchase a home and/or rental property in the next 18 months (especially if the market dips). I have had several people say take your cash reserves and purch...
Paul Nicklin
New Goals, Rental refinance - cash out and lower payment?
New Goals, Rental refinance - cash out / lower IO payment or Repayment?Hi BiggerPocket investors! I wanted to get some advice / options. I am looking to refinance a SFH I have rented out in UK and use the money to inv...
Brendan Yoder
Not enough cash to safely make a down payment
I have a 4-plex I'd like to make an offer on. I wont be able to live out of it so the loans available to me would need at least 20% down. I could do that but i would have very little left over. Would it be a bad decis...
Russell Johnson
Cash flow with a HELOC as a down payment
I'm wanting to start my fist deal, but my down payment would be from a HELOC from my primary residents. After doing the numbers, my cash flow would be $150- $190 per month. That is after NOI+mortgage+HELOC. Its my ...
Kevin Tillery
CASH OUT OR RATE AND TERM WITH LATE PAYMENTS?
Long story short, I made an error in respects to an IR. Thought payments were prepaid for 3 months. Right before the virus madness, the lender I was in the process of refinancing with denied the loan because there wer...
Nick Frankus
Negative cash flow in lieu of principle only payments?
I have a seller willing to carry owner financing with no money down, principle only payments with a 2 year balloon. The payments she is willing to take would result in a negative cash flow when rented for the 2 ye...
Noah P Bonds
Should I cash out refi with interest only payments?
I have a lender who has an interesting loan product - thinking about using it for a cash out refi. Loan terms: 40yr fixed, 5.375%, interest only payments are available for 1st 10yrs(that's the part I like). After that...
Jonathan Peters
Cash Out Refi on Investment Property for Down Payment
Mods: Sorry for the repost. I originally posted this in the Real Estate Deal Analysis & Advice forum, but I think it better fits here. Please feel free to close the other thread.Hi All,My wife and I own an investm...
Ryan Cater
Rental Property Analyzer, Down Payment vs. Total Cash Needed
What's the difference between down payment and total cash needed in the rental property analyzer? In the simple example that is shown below, the total cash needed is less than the down payment. Why?