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I purchased a SF with cash in an LLC and now looking to pull cash out of the deal. The property is in Mississippi, purchase price was $120k with $30k rehab, ARV is $180ish. I could put a mortgage on the property, I w...
We currently have 2 duplexes and looking to expand our portfolio by using the BRRRR method. We have enough money in HELOCs and cash to fund the purchase and rehab steps. However we have been having trouble finding a l...
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I am trying to cash out refi a property and have narrowed my lenders down to 2. Which one of these DSCR loans would you pick? (Or keep shopping?)
Yes I know it's not a perfect BRRRR and I can't cash out everything bu...
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According to realtor and zillow, my primary residence is worth 70-80k more than what I got the loan for. I want to purchase a slightly larger home to live in but I wanted to know what options I have since I initially...
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Option 1 – Regular Saving/ No new action
Save approximately $7,000 per month. To reach the same $90,000 would take almost 13 months of savings.
Option 2 – Cash out of my primary residence / Buy quickly if something ...
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I'm looking at doing a cash-out refinance on a conventionally mortgaged triplex that I don't live in. When I did my initial research online it looked like I could get up to 75% LTV for this, however after talking to a...
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I just discovered BiggerPockets several months ago, but already learned a lot from you guys. I hope you can give your thoughts in my situation.The current mortgage in my resident home is 2.2% 5ARM (loan amount $160k),...
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I’m working with my father on managing his RE. We have one multi family property that is fully paid off and generates roughly $200k in NOI/Cash Flow. My father is 60 years old. We have been discussing options on how t...
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Does anyone have any recommendations for banks that do HELOC's on investment properties at interest only? I've used two separate good products for my primary homes in the past but looking at potential options for an i...
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Hello BiggerPockets Community,
I'm at a crossroads with a townhome investment in Baltimore County and seeking your insights. Originally purchased for cash flow, this property exceeded my expectations by appreciating ...