Roberto Ramirez
Refinancing personal home - 15/20/30 year?
Looking to refinance my personal home before starting to invest. Currently owe $585k and six years into a 30 year mortgage @5.25%. Rates have obviously come down. What makes the best financial sense? Taking out a 15 y...
Brandon Markos
2 bedroom 1 bath 4plex in tower district of Fresno CA
Hello community! I am looking at a deal and wanted help analyzing it. The price has been lowered twice by about 10,000 each time to 249,900 now. It is a 4 unit comprised of 2 bedroom 1 bathroom. It looks to me that th...
Chris Burke
Convert Primary Mortgage to DSCR on rental property?
I have a rental property that used to be our primary residence. We used a HELOC on that property for a down payment and some renovations ($285k) on our now current primary residence.Our rental property has a 2.99% rat...
Jeremy Clarke
Help! Need advice on creative private financing
Good day!I am under contract with a non-warrantable condo and am working with my lender on financing options to do a portfolio loan since i can't get conventional (owner occupancy ratios). The numbers with him work al...
Jacob Reilly
How Much is Seller Financing Worth?
So I have come across a "deal" in which seller financing is an option. However, I am not sure about the numbers, and would like to post it to the BP community for some guidance. The seller is straight forward, and w...
Michael Dunn
a $20,000 HELOC and how a Lender will interpret ??
If you have a HELOC of $20,000 When a Lender goes to look at my DTI ....... How will they look at this, as far as it being a Debt/Expense to me and them factoring it into the DTI for me getting approved for the loan ?...
Account Closed
How about a little more clarity on the BRRRR Method???
Thanks for Reading and any feedback... I have the BRRRR Method understood up to this point.So, let’s say I found a property... Locked it up, got a loan and did the rehab. Once I find a tenant to occupy the property, w...
Jim McMillen
can you help with this scenario........
What do you think of this hypothetical deal. Would it be good?
Purchase price $46,000
Down Pymt: 4,600
Mortgage: $41,400
Principal/Interest payment: $275 (30 yrs at 7%)
Gross Rent: $600
Operating Expense: $300...
Jay C.
Understanding Closing Costs on a Refi
Hi all,
I'm looking to refinance and I just want to understand the Closing Costs and Cash to Close details. The estimate of the Closing Costs and Cash to Close are wildly different in the Closing Disclosure that I'm ...
Willie Smith
Private money questions
I have investors that I can borrow money from. I’m trying to figure out how to pay my investor if they loan me $100k @10%. I’m going to be doing the BRRRR method so I won’t be holding the money that long.
Will I pay...