Hi everyone, my name is David. I am in the Phoenix, Arizona area. I am trying to be to invest into rental properties. I bought my own home about a year ago and we built up an estimated 50k in equity. Would it be bene...
I purchased my first home last year with a FHA loan. When can I refinance it? If I refinance it will it no longer be a fha loan? During a refinance do you have to pay closing cost? This is my first property, 24y/o so ...
I'm buying a property in Philadelphia using a credit card and a personal line of credit. It's my first time using this method (I've previously used hard money lending), so I'm pretty nervous about it. Are there any ...
Hi all, So I am trying to Refi my rental property's and my personal home. The bank im working with wants to do a commercial loan for everything at 6.5%. I would rather break them up with a loan for each. They say they...
Hi BP fam!I’m pretty new to real estate and I’m hoping someone can help me understand the refinancing part of BRRRR. Let’s say that I buy a $700,000 house with 20% down. I rehab the property for $80,000 and rent it ou...
I'm looking to refinance 3 properties to turn one that is upside down into a position that it can either positive cashflow or sell and to put better interest rates on it. The following is a quick snapshop of the situa...
My wife and I spent 3 years looking for the right deal. Through proper planning we were able to close on our first mixed use commercial property. The property is vacant and in need of renovations (all of which is ac...
Im looking to pick your brains on a question! Im currently 39 with my first rental property purchase in 2017. I’m currently in the process of refinancing my home from my current mortgage of 27 years at a 4.5 % rate (...
I refinanced my owner-occupied multifamily rental property last year and now I'm struggling on exactly how to report the closing costs. I have tried researching previous posts and other sources, but I haven't found an...
I am currently rehabbing an REO property that I paid cash for. Once it is finished, I am going to keep it as a rental property. Obviously I want to get my money back out of the property so that I can invest it in more...