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...
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...
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...
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...
Wendy Schultz
How are you getting your cash for down payments?
How are you raising cash for a 25-30% down payment to get to the LTV of 70-75%? I am new to financing my properties through any other way than conventional financing and I have all my cash tied up in down payments on ...