I purchased a brand new construction for 309k last year, refinanced in Jan 2021 from 3.6 to 2.7, home appraised at 325k at the time. Now homes are selling in the area for 480-540k. The 480k was the exact same model as...
Hi all I just started fix and flipping in New Mexico. I'm in Albuquerque and Rio Rancho area. I have an annuity from work and was wondering if it would be wise to cash out for a down payment on a multi-family. How are...
Hi All,
I'm looking for a line of credit against a rental property that I currently have a 60% LTV on. I could do a cash out refi, but the fees get expensive and it just isn't as flexible. Does an LOC on investm...
Hi BP community - I'm an investor with 3 SFHs in the Nashville area looking to acquire my first small multifamily property (2-4 units).
I'm trying to determine the best approach for the 25% downpayment, comparing usi...
I know this has been discussed in the form of how much debt should I carry and other similar topics. So I am applying for a cash out refi with a local bank (commercial dept) and they had me fill out a financial statem...
Investment property details:
Each unit: $190k (Duplex)
Property tax: 2.42%
Rental: $1550 ( Current tenant will extend lease for new buyer)
HOA: $290Home Insurance : $600 per year.Built:1958 (Interior renovated la...
I realize there are lots of variables at play, but what are some ballpark CoC returns one could expect with this strategy? I've heard mentions of 25% CoC returns but have not seen it in the handful of analysis that I'...
Hey everyone. Looking at an upcoming partnership in 2025 and looking to tap into some of my primary homes equity to assist with the down payment. What should I expect for an interest rate on this loan? If I were to se...
My neighbor is selling his house for 70k the house will need 30k for rehab to rent it out i cant get a mortgage right now because im in a process on closing on a house this month my dad asked i could tap into to the e...
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 ...