Don Roberts
Trump administration to cap Americans' ability to tap home equity
Did anyone see this???https://www.foxbusiness.com/economy/trump-cap-cash-out-refinances"Under the new policy, the cash-out refinance cap would be lowered to 80 percent of a property's value, down from 85 percent."
If...
Travis Bryant
Hoping to build my first deal. Any and all advice is welcome.
Hello BP. I'm hoping to get an idea of the best way to approach of my goals where better to turn to than my friends at Bigger Pockets. I'm a new realtor in SLC utah and I'm looking at buying my first home in the next ...
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Credit card increases and closing accounts
I was just approved for a credit card increase through my credit union so that I can consolidate 2 cards into 1. My question now is do I close the credit card that I will roll into the new one. I have ha this card f...
Daryl A.
Mortgae without guarantor
Hey All,
Can a Non-Profit organization get a mortgage without a guarantor.? Property/Facility is owned outright by organization. As per bylaws no member can hold financial indebtedness to organization or be guaran...
Tyler Watts
How to answer the banker asking about RE-FI
This is my first re-fi and it is on a duplex. Bought 1 year ago with conventional financing and utilized a LOC to rehab. Bank told me that a re-fi will be based on the appraised value, not the loan or purchase price ...
Stephen Duncan
Questions about financing rates
Im making offers to buy my first deal, the thing im seeing come up is the rate im getting on the loan. What rate should i expect for a conventional loan? Im in SC with not perfect but great credit and debt to income r...
Andrew Tripp
Value-Add Industrial Rehab Numbers
We are looking at a value-add acquisition of a 33K sf warehouse asset that is currently owned by a user who is consolidating operations at another location and vacating at closing. We would be dividing down to 4 smal...
Ray Martinez
HELOC Investing Strategy
Hey Everyone,
Quite a bit to unpack here but I'm in a bit of a cross roads on how I should approach using a HELOC.
scenario 1: Utilize to pay off Car Loans + 2nd Property down payment? ($100k)
scenario 2: Accelera...
Roman S.
Should I add spouse to title?
Do you folks generally add their spouses to title for each investment property? Mainly, I just want to make sure that we are both able to have up to 10 mortgages. I heard that if you put your spouse on title only (and...
Jake Parks
Help With Multi Family Purchase
I want borrow $50k per person from my family and friends with a Interest rate of 10% annually (distributed quarterly or monthly) to purchase and rehab a deal, stabilize the property, and put debt on it from Fannie Mae...