Victor Mondragon
Is it possible to Cash Out Refinance without closing costs?
I live in Texas and am working on using the equity in my home to get a loan and construct a garage apartment to rent out and try my hand at land-lording. I understand that most banks like to use this formula: (Value ...
Eric Bate
Sellers are having trouble getting their renters out. What to do?
I'm set to close on my first property on the 20th. It'll be a house hack duplex in St Paul, MN. Just a few hours ago my realtor called me to say there was a problem: the renters want to stay. It seems that the sell...
Chi Sastry
Finance Options to buy a 4-plex
Hi BP-
buying my 3rd multi-unit property.
I’m putting a contract on a 4plex
I’d like to understand which financing option is better:Option 1 - Residential loan- 7.99%, 30 yrs, 25% down. 3 points at closing plus ...
Steve Maye
Need advice for financing purchase
Hello,Recently I posted a topic about purchasing my next rental property. I had considered paying it off in full rather than any financing, but I received a lot of advice showing that having some debt was a good thin...
Nandy B.
Should I buy this bank owned home for 3000?
An opportunity just came up for me to purchase 2 separate 2 bank owned properties in a rural area where I grew up (I moved after college and now live a big city).♦️House 1 - About $3000 with double closing cost total ...
Chad Gilbreth
$50k from a refinance, with equity left!
With the current interest rate environment, I’m highly considering refinancing my current home to access cash to start adding real estate to my portfolio.Rough numbers, my mortgage is raised by $200/month to get my ha...
Ken Ch
Repair Credit, deduct from listing price or closing cost?
My seller is offering us 12k Repair Credit. The agent asked if we want to deduct it from the listing price or just get it as a credit towards the closing cost.I'm not sure which way will save me more money.Any suggest...
Bradley G Fagg
Refinancing is 3.67 with little to no closing cost good
I’m wondering if it’s better to buy down and pay close to 6K in closing cost to get 3.37 percent or should I take the higher interest rate and get lower closing cost. I’m not sure it shows on an atomization chart the ...
Chris R. Gallo
Boston, MA Lending - Tenants Remain in Place Jan 2023
Good afternoon BP! I am currently in search of my third property and currently found a property that has tenants in place until the end of January 2023. Its a Multifamily (2 fam) that I intend to move into once of tho...
Brandon M.
Should I Refinance?
Hello,
I received a call from our mortgage carrier yesterday stating they could offer me a lower APR on our home loan and lower our monthly payment.
Not familiar with the refinancing process and whether or not thi...