Got our first investment property through a bank statement loan since we are self employed. We are putting 20% down and are stuck with a 6% interest rate. Two part question:A: I'd like to do a cash out refinance even...
Hi all.
Please review my analysis of increasing my return on my ‘paid off’ rental property.
Today I read a book that described cash on cash return vs ROI. and I’m thinking about obtaining a mortgage to get a better ...
I'm struggling to understand how I lose all of my ROI when I refinance. I understand the concept of the BRRR strategy but after I refinance for the higher amount my payment goes up so much that I'm now losing all of m...
Hey BP,
About a month back I bought a townhouse - all cash for $52k. Did some improvements (probably appraises for $65k).Exploring ways to pull cash out - but I'm running into issues since the loan amount is low.Any...
My grandma passed away and left me around 100K in cash, what is the best way to deposit these funds without paying taxes? What are my options, please help! TIA
Hi Bigger Pockets Community,I am a new investor and I have been working on coming up with a figure to present to a seller who is trying to sell their condo. I am wholesaling this deal. The seller gave me their desire...
Greetings BPers.I have equity in my recent purchase of a multi-building with tenants. I checked with some of my local Credit Unions but they don't do commercial. I talked to one broker firm and it takes them more th...
Working on our first deal and would love some input. Originally was looking for close to turnkey buy & holds but it's not going to work for our criteria in the market we're focused on. Trying to learn more about...
Hi guys!This would be my first post at BP. I am in the process of purchasing my first house (woo hoo!) and need your help figuring out what to do with my loans. Purchase price of $1.1mil, and I am planning to put in s...
Just had a quick question please, regarding Cash-Out refis. 1. Do you get the Amount of Cash from the Refi. sent to you , via a Check ?2. Do you start paying Interest as soon as they Lender writes you the Check ? 3. ...