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Has anyone successfully completed a cash out refinance on a second home or investment jumbo loan? My standard lender won’t go above jumbo for this, but our home will appraise for much more and I would love the cash to...
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I’m refinancing my primary to pull the equity out to buy another primary residence and rent out my current home. Do you recommend taking out all the money that you can? The rental will cover full mortgage with $500 in...
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Hello again, BP Member.Just wanted to come and get your thoughts on three properties that I own and was thinking of doing a cash out refinance:Two are investment properties that have had their value skyrocket and one ...
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I currently own a home that is free and clear and interested in doing either a cashout refinance or getting a HLOC. I have a pretty good idea as to what I want to do but I am curious to know which option would you tak...
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Do you get tax when you cash out refinancing?Thanks
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Question? Would it be beneficial or possible to execute the following:Have an investment property with lots of equity. Say I own this property (other than my primary) which I owe $50k on the mortgage, and this propert...
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Quick question with cash out refinance. So let’s say you purchase a property for 70k put 20k into rehabbing it. It appraises at 140k. When you refinance are you cashing out at 70-75%of the new value of 140k? Or only t...
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Happy New Year! I have a question about the BRRR strategy. When you buy a property for cash, then rehab it, then rent it out, does the 6 month seasoning apply for a cash out refinance? Or is the seasoning period only ...
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Looking to refinance my home which owe currently $148000, rough estimate it would value $210-215. I would like to purchase a multi as investment property. Was looking to possibly get a heloc or refi cash out to take s...
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Quick question here. If I do a cash-out refinance and use the extra funds above those used to pay off the original mortgage to purchase a new investment property is interest on the entire new loan deductible? For ex...