Imran Raz
Refinance options on Rental Property
Hello guys, I am in bit of a bother and cannot decide what to do. Here is the situation.I have a rental property which used to be my primary residence, I bought this property back in 2006 when prices in my area were t...
Patricia Luna
interest rate articles
I am 2 days from closing a cash out $250k refi on my 2 family. My bank is offering 4 5%. I am disappointed, as the recent articles I am reading about the Fed's position are referencing rates much lower. My lender is ...
August Kleinschmidt
Using a heloc for a downpayment
Good morning BP, my name is August. I've been a long time reader and lurker of the forums but have never created a forum question. I'll give a little backstory before I get to my question. My wife and I have been int...
Andy Thoman
Help understanding leveraging debt
So I don't really understand the whole Refi and HELOC situation... I have a few questions.What are interest rates usually like compared to traditional residential mortgages?What is the difference between refi and helo...
James Runkle
looking for refi advice
Here is my options from lender posted below. I plan to keep this home, and won't consider moving out in less than 2 years. Should I buy down the rate? Right now I have been offered 4.00 rate with $1683 in costs. Prope...
Aaron Crabtree
Aloha from Hilo Hawaii
Hi my name is Aaron. I was watching videos on YouTube and saw a brief ad i was going to skip ASAP, but something caught my attention. A guy in front of a chalk board saying you could pay your mortgage off in 5-7 years...
Aaron W.
Cash Out Refi or HELOC
Own rental properties outright and am looking to add to our portfolio. Would you do a cash-out refi or a HELOC to finance our future property purchases? Why?
Kyle Pelech
New Jersey rental property questions
I am new to Real Estate but have been doing equations on properties since I was around 14 years old. Every since we took a family vacation to Myrtle Beach, South Carolina; my Dad explained to me how this worked it rea...
Chris Momongan
HELOC from 1st ever rental to do 2nd rental
I just moved home and living with my parents so I have no primary mortgage. I just completed my first BRRRR deal last month and about to complete rehab on it next week. I bought it for $87k with 25% down pmt (21.7k)...
Jay C.
What's the strategy for a long-term Buy/Hold investor?
Hi all, I purchased a rental house back in Dec. at a low interest rate and using a HELOC for down payment and rehab costs. With interest rates rising and those of us with HELOCs with variable rates, what's the strateg...