Michael Pullins
HELOC
Myself along with my wife have recently decided to REALLY make a push to continue our investment education and purchases. We currently own a few single family homes and a condo in which we currently live in. We ...
Shane Strunk
What is a good lending rate?
What is a good lending rate for a 500k 5-family with 20% down that cash flows itself?
Josh Chastain
Refi-Cash or HELOC despite rising interest rates?
I'm a relative newbie. In the past two years, I've added two duplexes in C areas that have positive cash flow. My goal is to try STR using a second home mortgage ideally. My situation is a bit different in that I work...
Mike Cowper
House jumping & acquiring HELOC's along the way?
So I recently got a HELOC on my primary residence and have been hearing that I am unable to do get those on investment properties; my question is this: would I be able to move out of my primary residence to purchase a...
N/A N/A
TWO Mortgages for ONE House?
I'm in the market to buy my first home (30 year fixed), and today I talked with my first potential lender. It made me realize that I need to get ALOT more educated. LOL.
They approved me for up to $200,000 at 6.25...
Lawrence S.
HELOC on primary residence vs Mortgage to purchase rental
My questions is as above.
I have a HELOC on a primary residence at prime.
I am also approved for a 30 year fixed conventional mortgage at 2.89%.
The HELOC and loan are the same amount.
I am getting mixed messages...
Geovani Castro
Mortgage equity technique? Akerson/ Ellwood formula
Does anyone use this formula when analyzing a potential investment?
I'm looking at different methods of analysis but I'm having a problem at one part.
Here's an excerpt: The percentage of loan paid off in the hold...
Erin Whalen
Using a Heloc- Pros and Cons
I am looking to buy my first rental property (SFR). I have a substantial amount of equity in my primary residence, which would allow me to get a HELOC and thus, cash, to start investing. Are there any cons to this r...
JoJo Tucker
Proforma: Buy-and-Hold Rental
Hello Everyone,I am creating a proforma for Houston, TX buy-and-hold properties. I wanted to ask the BP community how they account for fixed and variable costs.Currently, my only variable expense is Property Managemen...
Russ Layton
Combine First & Equity line into Jumbo - Is it possible?
I have a question for all the mtg broker folks out there.
I have a primary mtg of $400K (fixed, 25 year @ 3.875%)
I have a home equity line of $200K (variable at 3.25%)
House will appraise for $900 or more (have r...