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I have a rental SFR in Greenville, SC that is owned free and clear I'd like to get a cash out refi on. I've tried a few local community banks, but I'm not getting any traction. Does anyone have any suggestions?
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I have four properties in Philadelphia. Three of which I would like to cash out refinance at the same time and secure a low rate. Larger banks say they won't cash out refinance investment properties and no luck yet wi...
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Hello everyone! Newbie here looking to purchase my first rental property. Instead of purchasing a property with a traditional mortgage, I was thinking of offering cash to try and get the purchase price lower, then r...
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Hey guys, Here's the situation. I'm ready to make moves 2021. I've owned a 3 family for about 6 years now. I have 200k equity in it. I did a live in flip on a single which is closing in a few weeks. My offer on anothe...
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I'm in the process of doing a cash out refinance but now I am considering doing a HELOC instead. I want to purchase a new property with the funds. Any suggestions ?
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Backstory: We purchased our primary residence 3 years ago and now have about 100k in equity thanks to the current real estate market. And with the low interest rates, we are going to refinance our house. We currently ...
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I’m new to the investing world and am currently doing a house hack where my roommates pay most of the rent. I am in the process of refinancing so that my payment will be lower and roommates cover rent completely. I’d ...
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Just using the stickied template here to be thorough. Looking for advice on how to refinance.Your goals and story:Purchased this home (my first house) with intentions to BRRRR in July 2019 for $280,000. The house came...
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Hey BP,
I’m having issues deciding on whether to Cash Out Refinance or take out a HELOC. Here is my situation:
I currently own and live in a five unit multi family. There is a good amount of Equity in the property. ...
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I’m looking for a good breakdown or sample scenarios of when it’s best to use a HELOC versus a cash out refinance on our primary home to purchase an investment property. Given the current market and interest rates.