Billy Raz
Transfering Rental Properties to an LLC to Free-Up FNMA Financing
Howdy –I have 1 rental in Dallas, and 9 rentals in AZ. All of the properties have FNMA financing and therefore, I’ve maxed out the 10 financed properties with FNMA. I would like to continue obtaining FNMA financing, ...
Bryan Magno
BRRRR (Refinance) Clarifications
Greetings, everyone.I have been reading/watching on this BRRRR method. I don't get the Refinance part, particularly on the 20-25% cash refinancing for another investment property from your previous mortgage ("M1" for ...
Greg Gaskill
LTV High or Low best in refinance?
Recently I've wondered why I felt low LTV was better as an investor for long term survival. You don't want to be upside down or over leveraged if/when the markets change. But, that would seem to only apply if / or whe...
Travis Barron
Refinance: Cash Out or No Cash Out
Hello BP Members, I'd like to hear your opinion.Currently my wife and I are looking to refinance underlying mortgage on our primary residence from a 30 yr fixed @ 4.5%, to a 5/1 ARM @ 3.375% based on received rate quo...
John A
4Plex Eval
Here are the details:
4plex
Currently no tenants
Foreclosed
Asking $99,800
Offering $100,121.00
Potential Rent $400/unit
Closing Costs incl Downpayment $30,450.98
Loan Amount $75,090.75
APR 5....
Kenji Tominaga
County Mortgage Tax paid by the Buyer?
Hi Tax masters,I have a question about the county mortgage tax when purchasing a property.I'm quoting a mortgage from 3 lenders for a small multi-family in Bushwick/Ridgewood area (Brooklyn NY), and one of them estima...
Ron Singh
Refinancing via big VS small lender ?
Planning to refinance primary residence, what options would be better in terms of low closing cost and optimal fee (if any)how much closing cost, hidden fee and other fees differs between no name lender VS big lenders...
Kelli Aberle
best way to payoff mortgage
What is the best way to payoff a mortgage. I am reading that you can either add extra each month or make one additional payment each year. I think I read that making one extra payment in a year is somehow better than ...
Matt Watkins
Home Addition loan without enough equity
I'm looking to add around a $100,000 expansion to my house. I do not have enough equity in the house currently to qualify for a home equity loan to cover this full amount. I found a Fannie Mae HomeStyle loan where th...
Monica Zidaru
FHA Budget Scope Rules
Is anyone familiar with FHA rules when it comes to re-financing? I purchased a home/property with a construction loan attached for a specific scope of work. Now that the scope has changed, I need to re-finance for jus...