Jonathan St.Leger
Writing off interest paid on refi loan above original investment
Let’s say you have a property paid in full with a original cost basis of $1.2M and it is worth $2.2M and would like to do cash out financing at 70% LTV which would be $1.54M which leaves an amount of $340,000 above or...
Mike Miller
Why are Cash Offers Significantly Better than Lending offers?
I get the general idea of why a cash offer is better, it's quicker, more secure, probably won't fall through in escrow, can display POF.But other than that, if you are underwritten and already approved for a loan amou...
Aaron Huckels
Cash out Refi, what’s minimum time frame to be allowed to do so?
Hello, I currently have my own home with a mortgage and am looking to get into rentals. Would you recommend doing a cash out refi on your personal home or not? And if so is there a minimum time frame for having to own...
Cillian Kelly
What purchase price are you targeting for your next property purchase?
Do you purchase properties as a function of your savings and affordability or do you target specific purchase price?
Derek Hacker
Rental Property - Paying more towards principal each month?
Hi Everyone,Looking for some advice on my first rental property. Property details:Loan Amount - $324,000Rent - $2900/MonthRevenue/yr after PITI - $7570The current mortgage amount is $1466 and I am paying an extra $24...
Felipe Ocampo
New to 1031 Exchange
I am currently selling a rental property(just signed the offer) that I have had for about 6 years and just realized that the capital gains will probably be pretty steep so I may want to do a 1031 exchange. I originall...
Matthew Peterson
Auction.com listing
I have three cash offers out now on REO and am waiting for 1 auction to hopefully come live pretty soon. There is an auction currently on auction.com though that I'd like to get some input on. My wife is wanting my ag...
Karen Seale
How to calculate 1031 Boot Taxes
Hello everyone,We have been searching the posts here on BP and still haven't really found a specific answer to our question. How do you calculate tax on a 1031 Boot? Here's our situation: We sold one property and...
Bryan La
Cash out refinance or HELOC
I'm in the process of doing a cash out refinance but now I am considering doing a HELOC instead. I want to purchase a new property with the funds. Any suggestions ?
Mark Beeson
Refi rejected - Fannie Mae won't buy loan! What's up?
We have excellent credit. Want to refi a single family with existing $32K mortgage that we have owned for 20 years. Minimum amount bank would refi is $60K for $75K appraisal. Denied due to "Fannie Mae won't buy the...