Joseph Godio
Refinance Appraisal - Whose Appraisal?
When refinancing, do banks typically require their own appraiser performs the appraisal or am I able to hire my own appraiser and use that appraisal to support the refinance loan? Will investors obtain multiple appra...
Benjamin Poole
Do Contractor Savings Pass to the Owner?
I'm planning on doing a rehab project from a distance. This may mean a combination of buying materials for the job myself and having a contractor buy materials.Any tips on setting up a project in such a way so that an...
Mike Flora
Bringing a loan current fee
I tried asking yesterday about this and I think I was too confusing in how I asked.So if my seller is behind on there mortgage payments and I'm covering all closing costs for them, I'm assuming that when I pay the loa...
Tyler Fischer
Prefabricated tub liner or tile?
I am renovating a spare bathroom and I am trying to decide if installing tile in the tub area will be worth the extra costs. Based on the estimate I’ve received for the work installing one of those prefabricated liner...
Dave Chow
Refinance for rental property
I have a rental property which is originally purchased not for rental purpose. Now its renting out for $1550/MO. The loan has a 10-year fixed rate of 3.15. The loan balance is about $110,000(house price is about $190,...
Charles Mullins
FHA w/ Mortgage Insurance - benefits?
Hi everyone, some basic questions as I try and learn some of the basics. I read or possibly heard on a PodCast that if you can do a FHA with minimum down you can then then have more money to use on additional investm...
Joe Conklin
Investing Own Cash into Deal Advice
I plan to undertake my first buy, rehab, rent, refinance deal and am looking at homes in my market. I have private money of 30-50k available to me in which I am paying out 6%. I also am willing to put $50,000 of my ...
Jessica Markley
BRRRR appraisal came in low...take some of $$$ out now or wait??
My first attempt to BRRRR a property, go figure Covid comes along right as the 6 month time came around to do the cash out refinance. Bought this SFR rental for $230,000, put in $30,000 in rehab, put 20% down, paid my...
Jason Dante
L.A. Owner / Atlanta Property Problems With Rehab. Not Me/Mine.
A family member of mine is in the market for a small MF in the Atlanta area; Smyrna / Cobb County in particular.He/she (The Buyer) found a duplex, made an offer, it was accepted and when the inspection came along, it ...
Mary Jay
How to get HELOC/ or other type of loan on a rental?
hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get s...