Hi friends, Back in 2015, my wife and I purchased a duplex in Indianapolis. We did a 203K mortgage, and I know that PMI rates have dropped, and we would like to refinance to lower our total payment. We have tried to r...
I'm cash out refinancing 3 multi family properties in Los Angeles. They range from 8 to 20 units.I want short term (3 year fixed) and max LTV. What is the best rate I can expect? Best spread off the 10 year or 6 month...
I own a 3 unit multi family home in Upstate NY, bought in 2016 with a FHA 203k loan. Purchase price was $127K, renovations from the 203k brought the loan total up to $154K. The house was appraised by the county for $1...
Hi BP,
It would be helpful if I can have someone help me figure out which banks in the city of Worcester,MA does cash out refinancing ? Or be able to guide me how I go about finding this out ? I want to be able to s...
Hello BP! I need some clarification. So let's say I get prequalified from a bank for 100k for example. So I buy a property and use the BRRRR strategy,I'm all in for 80k and the ARV comes out to 130k. When it comes to ...
Hi BP Community,This is my first post here :).My husband and I are rookie investors, and we are trying to buy our first investment property since last April. Unfortunately, we keep getting outbid by cash offers withou...
Good morning BiggerPockets community,I have a rental property that I owned for a decade.I am looking to get cash out.Any one can suggest an investor friendly lender?Thank you
What is the concept of refinancing? Why would someone want to do it? What are the differences in the different types such as cash out refinancing, HELOC, and Home Equity Loan. I have heard of all these, but the conc...
Hello all, My name is Felicia and I reside in Orlando, FL. I am attempting to refinance my house to rent out as an investment property. I am also looking for funding for short term vacation rentals/apartment complexes...
Hello everyone,My parents have about 200k left on their mortgage and I think around 150k in a HELOC. The house has appreciated to around 2mil so there’s about 1.6mil in equity. I feel like the equity sitting there is ...