Hi for the loan amount rule if I potentially have to make an all cash offer to get a deal would it make sense to get Private money then it will comply with the 1031 exchange 'same amount of loan' rule??This is the sce...
hello bp,What's the best way to accurately estimate what your new loan payment will be after a cash out refi? Also are closing costs for a new purchase the same as closing cost for a refinance ?Thanks for any input!
Im looking at 2 family which will be bought as follows:20k Cash84,300 Private Money LoanI have a bank that will refinance at 80% LTV (130K ARV = 104K mortgage).I understand that the TOTAL Cash Invested shows 0.00 but ...
Hey everyone,New investor here. I just read and took comprehensive notes from three books on real estate investing:- Long-Distance Real Estate Investing (David Greene)- The Book On Rental Property Investing (Brandon T...
I was wondering if someone could explain how a cash out refi works in more detail. This might be an option for me but wanted to get a greater understanding before I went into a local bank, I figure the less basic/ele...
Here is the situation. I have an investment property worth about 150k and a loan for slightly less than 50k. The property is currently financed at 5.125% int rate. I am considering doing a refi to lower the rate a...
I'm currently reading up on house hacking and how to analyze deals. I've read from multiple sources that you should save apart of your monthly cashflow for reserves in case of vacancies, repairs, emergencies, etc. My ...
Is there a way around the 6 month minimum seasoning period to refinance an investment property? I was talking to a lender about BRRRing a property using a line of credit to purchase and rehab the property which I thou...
Hi all, I'm just starting out here and attended a few webinars thus far. My interest lies in buy and holds so that I can rent out a multi-family unit in the near future for my first investment property. I'm trying t...