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Hi, I am new to Real Estate Investing. I was hoping to get some input on the logistics of the BRRR strategy. My parents own a home currently worth around $90,000 to $100,000. They have about $2,000 left to pay off. Th...
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I'm looking to purchase my second property in the next (2-6)months. I have about (100K) in equity in my current home, and I was looking to use this for my down payment. I was going to use a HELOC, because I did not wa...
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Hi, I have a cash-out refinance on my 4-family investment property, approved and ready to go with my current 1st Mortgage lender. Carrington Mortage. Total loan costs are $6,302. I would like to know if these are un...
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Hello everyone,My wife and I currently live in TN after PCSing from WA. Our first home is in WA and is currently being rented out. Below are some info on the home;Original loan - $333kCurrent balance - $320k30 year lo...
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Hello BP'ers!
I am looking for some advice on my first investment. I am a real estate agent/investor in the Northwest Arkansas area, and back in July, I bought a SFH with plans to rehab and then later move out ...
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Looking for the correct/best way to account for Debt Financed Distributions from a Cash Out Refinance on a commercial property?What get's credited and what gets debited?So far we have:Credit: New LoanDebit: Cash Accou...
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I have got some conflicting information about whether we can do a cash out refinance in our situation and am seeking clarification.Here are the details.Our primary residence is in San Jose, Santa Clara County were the...
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I have got some conflicting information about whether we can do a cash out refinance in our situation and am seeking clarification.Here are the details.Our primary residence is in San Jose, Santa Clara County were the...
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Hey All,
Needing some information/assistance.
Purchased a 4plex 30 days ago for $350k, it appraised as is for $400k.
Only one unit was occupied and rented out at $600.
We’ve since renovated all the units with our ...
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I am getting ready to do some updating to my home before I furnish and make it a medium term rental. I plan on using credit lines to fund all of the rehab but am curious about my options to pay them off through a cash...