Gary Dezoysa
All-cash purchase: how long before a bank refi?
Hi, let's say I buy a cheap $40,000 house which appraises for the same amount. If I pay in cash, do I have to wait for a certain amount of time before applying for a refinance?
Ishtiaque Hussain
Should I sell or keep our condo?
My wife and I have a condo in Bala Cynwyd near Philadelphia. But we recently moved to New Jersey and bought a single family home. Now we have rented out the condo and have a good tenant - which covers our mortgage for...
Vernon Trice III
How Investor Gets Paid in Syndication Deal
I understand how the deal syndicator will get paid on a deal (asset management fee, acquisition fee, etc) but how (specifically) would an investor who puts money into a deal get paid? Concept and examples are apprecia...
Christian Dozier
cashout refi options?
I'm looking to cash out refi non-owner occupied SFH BRRR in ILLINOIS. I believe the appraised value will be approx $75k-$90k. Does anyone have a lender recommendation who will do DSCR or non-QM cash out refi's for l...
Aaron Huckels
Cash out refinance property
What’s the best route to go about a cash out refinance? Search from different lenders? Go through tue same lender as the initial mortgage? And does the remaining amount of the loan you currently owe stay the same but ...
Junior Louis
Question on All Cash Deals
I saw this multi-family property that I would love to pursue but its bank owned and the lender is saying All cash only. I'd be house hacking this home. Realistically I can't fundraise the amount through family and fri...
Lina Emory
DSCR, Line of Credit or something I haven't thought of?
Hey everyone! Need a fresh set of eyes to see what makes the most sense for us.We own a rental home on 1 acre outright with the potential for 3 more septic tanks/home sites. We need $15-30k cash to put a mobile home o...
Jonathan Wells
Cash Out Refinance, Minimum and fees
Can anyone enlighten me if I can get a cash out refinance on a Condo purchased for $55,000 cash in DFW? ARV will be a solid $85,000. I'd like to pull $50,000 back out in a few months. (I'm waiting to hear back from th...
Mike Brown
How do you use the BRRR method to pay off a home?
For example, say you buy an $80k home with $20k down and spend $15k in renos. It goes up to $125k after a year of "seasoning", which is an increase of $45k. In newbie terms, what is the process of using that $45k incr...
Michael Glaser
Bank Qualifying Letter: REO Properties
I have a few REO properties I'm going to be putting offers in on tomorrow. I'll be getting some qualifying letters from the bank I work with on each. My question is, for negotiation purposes, is it best to get a quali...