Hello,I’m planning to get into my first investment property soon (in florida). I want to BRRRR. I just spoke to an experienced mortgage broker who said the BRRRR strategy isn’t as easy as people think, because the ...
A couple years ago I inherited a 12 unit rental property with no mortgage. After a couple years of rehabbing the place, I pulled a HELOC to purchase a 6 family. It was brought to my attention by another investor that ...
Does anyone have a good local bank or credit union in Denver area for refinancing? My wife and I are looking to take a little bit of equity out for down payment On rental property.Thanks for reading my post!
Good day BP Nation.So some of you might remember a whole back I asked for your help to chose between a HELOC and Refi. Based on my time line to sell the property @Chris Mason suggested a HELOC. Unfortunately my lender...
I was wondering if someone could get in the weeds a bit for the refinance portion of the BRRRR process. My main concern is the seasoning period. Do all lenders require a certain amount of time? What will be require...
Ive been turned on to a deal in my town for two 3br/1ba houses, neighboring each other, for $69k total. They are older homes, and one for sure has space to add at least a second half bathroom. My agent (who happens to...
Hi, Applied through Navy Federal for a conventional refi. Theyd only let me do a 15 yr term since its an investment property (rental) and was a 5.12 rate. However, when I asked them about doing a cash out refinan...
I am in the process of doing my first refinance on a rental property that I originally purchased a year ago. The same lender that did my original loan is doing the refinance. I'm a little over 2 weeks into the process...
Hello,I posted a similar question in another forum and it was suggested I ask in a local form to get others opinions who are nearby. I’m am trying to get financing in place for a BRRRR deal. I am already prequalified ...
Closing on second rental prop and want to refinance quickly. Already, has a renter and I bought at a discount. Long term tenant and cash flowing. Can someone recommend a bank to refinance with in Baltimore who won’t h...