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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...
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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...
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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...
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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 ...
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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...
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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.
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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?
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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...
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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...
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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...