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I found a property that I am really considering purchasing. It would be a 500k purchase, 100k rehab and 700k ARV. I would then turn it into a rental.1- First off, I am having a hard time wrapping my head around the fa...
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Is there a private lender in my area that is interested in working with me? I have a property that looks promising and I wouldn't want to let it go. I live in whitewater WI, I'm new to this and this would be my first ...
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I just got a quote for 3.0% on my primary. On $250K at 4.375% at present, a drop to 3.0 will see my monthly drop by $200, and interest reduction of $300 on the first repayment. Is now the right time to refi, or should...
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I understand the acronym, all except the details of refinancing.
How do you "pull out" your invested money by refinancing? Or is this R referring to taking out a HELOC?
Please explain at "dummy" level with detailed...
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Is there any way to change the Occupancy clause after a refinance? We purchased a Triplex in Salt Lake City, UT in January of 2017 on an FHA loan, put some sweat equity in it over the course of a year and refinanced o...
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Hi everyone!
So I’m in the very competitive market of Utah and I found a property for 550k that has potential to build equity in (by adding 2 beds and baths) and will rent well once we move on. It’s also a beautiful ...
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What's the lowest interest rate way to pull out equity from an INVESTMENT property if it's completely paid off? Not a owner occupied one
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I am working on refinancing my first property and realized Fannie and Freddie will not close on refinances with business entities. I did not do my homework beforehand and am now wondering how the LLC being on title wi...
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I'm new to investing and trying to learn more. I am curious: are there any restrictions or penalties that comes with the future refinancing of a 3.5% conventional loan down payment primary residence triplex used as a ...
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We are under contract for a primary SFH for $455k (asking $480k) with 6% concessions, or $27,300. We are using FHA with 3.5% down, or $15,925. Current interest rate is 6.75% and a 3/2/1 buy down costs $19,929. This is...