hi - need advice on which one would be best bet : Cash out refi or Heloc, on a townhome we paid cash for and have no mortgage on. thanks
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...
I’m trying to see if I can optimize our financial situation with respect to our rental property that has been cash flow positive since put into service back in 2014. Any recommendations or suggestions are welcome.We f...
I've tried to google this with little success. I have a mortgage and a home equity loan on my primary residence. For argument's sake, let's say I have a 220K mortgage and a 25K home equity loan (mtg at 3.75% for 24 mo...
Has anyone done the "Sweep Strategy" (aka: Velocity Banking, etc.)? If so, do you feel it is best to refi into a 1st position, fixed rate HELOC, or to keep your 1st mortgage as-is and take out a HELOC?Did you use any ...
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Well, just running some different scenarios for a loan for a 2 unit. No skin in the...
All, I have 7 townhouses all on commercial loans. 4 are on one loan and I have been paying this for 3 years. It is fixed for 5 at 5% years amortized for 20, and then can be variable. My loan officer said we can ju...
Hey BP family! Question from a newbie here. Recently I purchased my first investment property by way of using a HELOC on my existing home to finance the cost to purchase a second home that I am now living in. I have ...
I own a single family home and its an investment property, how do i use that equity to get another rental if i have bad credit? whats the best kind of equity loan for this HELOC? Cash out refinance ?
Hello BiggerPockets Community,
I've been looking for the investment rental properties on platforms like New Western, Zillow, and Redfin. I've noticed some appealing deals on New Western, but they require purchases to...