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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.
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I will be getting into the home rental space and I have written out my 1, 3, 5 year goals. We held on to our first house and have been renting it out for 8yrs and own around 29k on property and we have been taking ext...
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Hey BP , Looking to do a cash out refinance on my rental property.
Currently have 30 Year Fixed @ 4.5% Conventional purchased for $500k with 20% in 2016 Monthly payment $2692.xx
I have been Offered the Following ...
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A year ago I purchased a duplex with an FHA loan under my name. I since have created a LLC that I would like to do a majority of my deals under moving forward. Would I be able to do a cash out refinance of the duplex ...
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I've been emailing and calling different lenders in the greater Philly region to cash out refinance on a property I own free and clear under an LLC. I was told by one lender that I need to provide what I'll use the f...
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Say you buy a property for 250k cash, rehab and rent it out. When you get to the "refinance," how are you supposed to refinance if there is no mortgage to refinance? Are you only refinancing if you initially purchase ...
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Interested in gathering opinions on taking out a line of credit vs refinancing and pulling the cash out of my personal property to fund my next deal. I've saved $30,000 and I currently have about $100,000 equity in my...
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I am in the process building a investment company while working full time in the Army. I'm basically starting an LLC for tax benefits. My current property (which was my first)I purchased as a short sale for 136k 3 yea...
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Hello! I just got my first single family home under contract today and it should close in the next few weeks and plan to live in it for at least 6 months afterwards (Hoping to cash out refinance after)I am getting a c...
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I recently bought my second rental property which was a foreclosure which I only payed 3,620 for and is around 1550 square foot which it did require a lot of work but I used some leverage, I have a HELOC on my first ...