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My husband and I recently bought a house for a flip. We quickly decided that we would like to have this house as our first rental property instead. We bought the house with cash, but are debating if we should refina...
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Does anyone know of banks that will refinance your BRRRR, when you used a hard money lender to buy the property, with no or low docs? Thinking of buying my first BRRRR, and want to make sure I can refinance it. I jus...
Can anyone tell me how much I should put in a Property? PP-$57kARV-$145-$155Repairs-$45
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First off, I do not have a deal yet. Just trying to get my ducks in a row. My wife and I are both self employed, and we write off as much as we can at tax time, so our income is low. We went to a bank to inquire about...
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Hello!I’ve been making some quick calculations, but was wondering why is BRRRR set-up so that renting is before refinancing?Example:- House = $100,000- Downpayment = $20,000- Loan #1 = $80,000- Rehab = $20,000- Rent =...
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I currently own a duplex that I live in. My insurance interest rate currently is 3.5%, but I have PMI. After work with two different agints, one could save me around 200 a month on my mortgage because I would drop the...
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Say you buy a house with a conventional loan or hard money for 50k and put 25k into it. The ARV comes back at 100k. You ask the new lender for 75% of the appraised value and get 75k back. You’re able to pay off the ol...
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Just wondering... I got my investment properties at 4.5% interest rate... now that the rates went down what is the refinancing rate in Cape Coral, fort Myers in FL be? Any input plz
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My partners and I purchased a foreclosed property a few months ago. This is our first purchase. We rehabbed the property and now have a good tenant making good cash flow.The problem is we are trying to use the BRRRR m...
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Hi everyone I’m new to real estate investing and I was wondering if it would be smart to do a cash-out-refinance my current home I live to but a duplex to start BRRRRing or if I should take out an equity loan and star...