Just running through scenarios in my head to make sure I'm getting the basics hammered into my head. I'm looking for what I'm missing beyond the cookie cutter scenario I put below.Scenario: Say I find a house listed a...
Hello, purchase our first property it is a townhome in September 2022, using down payment assistance with 3.5% down, conventional with 6% interest. Built in 2006, we got it for 175k and it was listed and valued at 191...
I have one investment property looking at taking equity out. Currently have $150,000 equity built up. I have done spoke to some vendors offering 75% LTV offering 100k in getting cash out. My goal is to buy a second in...
Hi everyone and thanks in advance for your help. I have a $58,000 Sallie Mae loan currently at 10.75% for 15 years and I’m going to refinance it. I’ve been on credible and I have a few options as far as terms go. I’m ...
Hello BPers,I am trying to find the right place to ask this question, so I apologize if this is the wrong forum. I am stuck trying to understand the mechanics in the Refinance portion of "BRRR" method. I understand th...
I am trying to cash-out refi a nonwarrantable condo in the Rogers Park neighborhood of Chicago. Paid cash in December not realizing it was nonwarrantable. Any recs will be greatly appreciated.
Hey everyone. Question regarding BRRR refinancing, please; do cash out refi’s have the same qualification requirements as conventional loans i.e 2 year Income proof, debt to ratio, etc?
Hey Bigger Pockets,I'm looking to begin my investing career in St. Louis by purchasing a duplex and house hacking. There seems to be plenty of information on how to get started with house hacking but I can't seem to f...
Hello All - We bought our first Airbnb in November last year. I have 5 other long term rentals, this is my first short term. It is a lake front property on High Rock Lake in Lexington, NC with dock and direct water ac...
Hi there-
My brother and I purchased an investment property in April 2013 for $185K, and put down 25%. After closing, we transferred the property title to the LLC's name. The current mortgage is under my brot...