Steve Dudeck
Should I refinance all properties or just the one?
We have 3 rental properties. Property 1 & 2 we own outright. The 3rd was recently purchased using a Line of Credit from our first 2 properties.
We want to refinance the 3rd property to more favorable terms. We ar...
Collin Luckett
Barn is Partially on Neighbor's Property, Need to Sell!
Hello, we have an investment property in northern Minnesota that we have been trying to sell, we have it under contract and are supposed to close in a few days. The problem is when we got a survey done for the buyers,...
Paul Wakim
Closing costs with line of credit
Hey, just wondering if there is a difference in closing costs when you purchase a home with all cash from a line of credit versus when purchasing a property with a traditional mortgage.I dont know if it makes a differ...
Drew James
BRRRR Strategy using a line of credit
I'd like to hear what others have to say about this. I have a bank that is willing to do a line of credit based on the equity in my other two rental properties. The line of credit would be $100k. I have $100k in ca...
Stefanie Brown
Cash out refi on personal home
My husband and I are considering a cash out refinance on our personal home to fund the down payment on our first STR. (The goal of the refinance is also to get a better interest rate)
This will be our first real est...
Christopher Ward
Using HELOC as a down payment
Hello everyone, I'm considering using a heloc for a downpayment on my first property, however every time I run the numbers through the rental property calculator, the monthly cash flow in usually under $100. I unders...
P R.
pulling equity from one rental to purchase another rental
Howdy. Straight to my question - Whats the best way to pull out equity from mortgage free (paid off) investment rental (property 1) and take that money and purchase a 2nd, lower value long-term rental (property 2) ?
...
Trecia Webb
How do I get investors to invest in Residential income property acquisition without money down?
I have a few income properties, looking to acquire more but need lender participation. I have tried a few options ( home equity line of credit, hard money lenders). My challenge for the home equity line is the propert...
Steve S.
What kind of lender and loan do I need?
Looking for advice, please.
I'm a US expat living abroad. US taxes get filed every year, but no W2s - all income is foreign.US credit is excellent. I have one SFH and want to buy more for buy-and-hold.One lender has ...
Rami W.
How's this HELOC deal compare?
I am shopping for a HELOC with small local banks to see what I can get.Here are details of an offer. Is this pretty much par what you all are seeing? It would be a line over $100m. The loan fee of 1% seems rough. Is t...