Working on a BRRR right now - paying cash for property and rehab, then plan to refi into a 30 yr fixed at 6 months (required seasoning period to do refinance based on new appraisal instead of purchase price). Had an i...
I have bought and sold over 150 properties year to date in Memphis. I currently own 90 rental properties along with 6 commercial buildings here in Memphis. I also own the local REIA here, Mid-South Real Estate Inves...
Howdy -
Newbie investor here with two questions. I read from a 'guru' that one way to get started with little money down is to use a heloc to pay all cash at around 50 to 60% FMV, then refi at 70 to 80 percent of th...
My STR in Upstate NY is relatively new and I have mostly had success with seasonal rentals and now working with a property manager to rent weeks/weekends. I use VRBO and Air B&B-are there other platforms folks wo...
Hello All,How long do I have to wait to refinance with a portfolio bank for the property bought with my own money? I like wait the least amount of time to refi. Is there any bank that doesn't require waiting period? T...
I was under the impression if you paid cash to purchase a property that you would then be able to cash out refinance as soon as you have finished the rehab and rented the unit out utilizing the BRRRR strategy. I wa...
Hi there, I'm curious if anyone knows of lenders that would let me perform a cashout refi without a seasoning period for me to be on title for 6 months. Situation: Mom bought the house over two years ago, her name is ...
All,I would love a little advice please. I had a deal fall through and am now looking for another one but in the back of my head, I am a little concerned with trying to rent something in November/December because of t...
Hello BP! I need help with this scenario,, I recently purchased 2 properties cash in December. One house cost $30k and the other $55k, ARV will be about $90 to $100! They are currently being renovated and one will ha...
New to REI this year, but prepping my files for taxes in the future. Besides the bookkeeping files from my PM, what are other things I should be preparing and filing to get the best tax benefits with REI? Do you guys ...