I have questions about refinance while using the brrrr strategy. Once your getting ready to refinance, what kind of loan would you get? For example let's say I purchase a property for $300k and its value for $450k (th...
I got pre-approval for a construction loan for 8% qualifying rate (not final). What is the current going rate these days ?How much is too much ?
Hey all,
I am new on BiggerPockets and to real estate investing. I am currently living in Los Angeles, but wanting to get into investing where I have some connections in northern Florida and in Oklahoma City.
I wan...
Nearly all of my rentals are financed with commercial loans that balloon in 7 years. I have a very good interest rate of 4.75% and with a 25 year amortization. All of these loans will balloon around the same time as...
Hi BP Crew,I want to understand (sorry if this has been asked before) in the BRRRR property is it better to do HELOC instead of Refinance? Usually the refinance has cost like title search, closing cost etc vs HELOC is...
We were planning on buying another house to move into and rent out our current home. Our home has about 200k of equity and will cash flow around $1100 a month covering most of the mortgage on the new house. We want to...
Hi everyone!We want to get into MF (2-3units to start) doing BRRR... and rent out for Mid term rentals.We see a house that meets our buy box, and our investment goals are;- $300 gross profit cash flow per month- 30% e...
Hey Guys,If I own my home outright and have no mortgage, and I want to tap into some of my equity to purchase another investment property, which of the above would be the best way to do this? My home is worth around 3...
Looking to get feedback from anyone who has successfully built an ADU on their primary residence. I realize when building an ADU and renting it out, you lose a level of privacy but it's a sacrifice for rental income. ...
Hello,I am 62 and nearing retirement. I have a remaining rental property with a $120 K mortgage. Unfortunately, this property has a variable interest rate that is currently 6.5 %. Reviewing my 401K over the past 5 yea...