If HELOC’s have a interest rate that adjusts/fluctuates/variable based on market conditions, why would anyone take out a HELOC compared to a regular home equity loan? A home equity loan has a fixed rate, so you don’t ...
Hello BP!I am a new investor in the Puget Sound - more specifically, targeting Snohomish and Pierce Counties. I have been shopping local bank and credit unions for rates on a cash out refi and HELOC on a rental that m...
I understand the difference between the two, just curious if there's a reason to choose one over another. Current mortgage is for $60k at around 3.5%. House was valued at $100k when I bought it a year ago. After $50k...
New to the forum here and thought I would put my situation out for critical feedback to the population. I have a question about how to handle a current rental property I own in Denver. I am trying to decide one of two...
I feel a bit stuck in this scenario, and I could use some advice.I'm raising some money from private investors and wanted to run some options by more experienced posters, because I'm a bit unclear as to what the best ...
I am a new member and found the site through the book How To Invest In Real Estate Ultimate Beginner's Guide. I am a licensed Realtor in Akron OH with Keller Williams looking to buy my first investment property. I am ...
I recently posted about my condo in San Diego and how I’m looking in to refinancing the mortgage under a conventional loan so I can use my VA loan to purchase a second property in San Diego.
In order to refinance, I...
Hello Everyone. I recently tried to get funding from a lender for a purchase/rehab project. I paid for loan processing fee, which in hindsight I shouldn't have done but I did. I paid the fee and then he stopped commun...
I purchased a home in the space coast area of Florida last Feb with an FHA loan at 2.75% interest rate. The value in that time has risen from 200k up to about 270k-300k. We are now trying to refinance out of the FHA l...
So lately i've been on a blitz on cold calling home owners in different states and have had several opportunities to submit LOI's, analyze and crunch numbers. Felt so busy the last few weeks doing so, as i've been bac...