Walter Wintermute
Withdraw from 401K or Roth 401K to pay off Rental Property
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...
Ariel Nixon
First Rental Property - Financing Strategy
Hi All,I'm in the works of my first SFR deal.. Its a 2bed/1bath home that I plan to add another bedroom to plus a little rehab. I've ran the numbers and they look good (conservatively around $280 monthly cash flow, ca...
Robert Stamper
LOC on Investment Properties
Hi All,
I'm looking for a line of credit against a rental property that I currently have a 60% LTV on. I could do a cash out refi, but the fees get expensive and it just isn't as flexible. Does an LOC on investm...
Ryan Lewis
Using cash vs. HELOC for next investment property
Hi BP community - I'm an investor with 3 SFHs in the Nashville area looking to acquire my first small multifamily property (2-4 units).
I'm trying to determine the best approach for the 25% downpayment, comparing usi...
Sam Stabler
Owner Occupied Duplex: Mortgage Rates?
Does anyone have an idea what mortgage rates are for an owner occupied Duplex? Most multifamily are invedtmen, but this would be an owner occupied property. Just wondering how close the rate would be when compared to ...
Brandon Larson
First Time Home Buyer looking to HELOC for a BRRRR
First-time homeowner and BRRR. I have owned my duplex for 18 months now. One unit is renovated and rented, and I occupy the other unit. I have significant equity in the home because of a large down payment. I am looki...
Zariyan S.
Mortgage is paid off, should I refinance house to buy investment?
Hello,My current house market value is ~$350,000 and paid off. My wife and I are interested in buying an investment property to rent. However, we don't have a sizable downpayment at the moment.Would it be worth refina...
Neel Iyer
ARM versus 30 year fixed
My goal is to get a conventional loan to buy and hold a single family rental to generate a positive cash flow. I am looking for a rule-of-thumb or general advice, not specific to my situation because there are so many...
April Smalls
Should I Refi?
I bought my property last year September. I wanted to refi but I am unsure of the 1. the process 2. is it the best call? due to it only being a year and not much equity in it. I understand alot variables contribute to...
Account Closed
Pros & Cons of purchasing multi-family buildings with more than 4 units.
My wife and I currently own a 4-unit rental property (4-plex) in Los Angeles and are now in the beginning stages of looking into purchasing a 2nd income property.
Our agent (who we trust very much) encourag...