I have a 120k HELOC and am looking to buy my first investment property. My goal is to acquire several multi-family properties over the next few years. I’m trying to figure out the best strategy. Does it make more sens...
Hi All,I bought my duplex in 2019 which was a house hack. I already refinanced to take advantage of rates. The cashflow is great and I’m locked in at a 3.2% rate. The problem is I want to grow my portfolio into the sh...
Trying to better understand the refinance process. By refinancing current loan to pull out equity, “owe 85k, valued around 140k” am I refinancing up to 75% of the available equity or the appraised value..? If I pull t...
I'm curious as to whether any experienced landlords have had success with the technique of refinancing the same property twice, with the first being a cash-out refinance and the second being a rate-lowering refinance....
Has anyone had luck with doing a refi on BRRRR recently? Looking for asset based lending for refi on a rental house I just rehabbed and rented. I was supposed to close on a refi last week (had rates locked in) but tod...
Hi guys I’m a rookie at this and I have spoken to an agent before I make an offer tomorrow I want to cross my T’s and dot my i’s.. in the brrrr calculator I have a favorable report, however I want to make sure I’m inp...
Hi,I am seeking advice in terms of when to apply for Refi, Heloc and another mortgage. I currently have a place that I purchase many years back using FHA and recently just moved out of and renting. I am planning on re...
Hi BP! I currently live in a SFH that I bought with an FHA loan and house hack by renting out the spare bedrooms. I saw this as my "starter home" and did not buy with an REI career in mind. Now that I know more, I wan...
Hello BP community. I’m fairly new to real estate my wife and I are currently looking to purchase our first house together later this year. Our budget is around $250,000. While looking, I came up with an idea to help ...
I have 2 long term rentals both at 7.5% interest rates.1. estimated value: $950k, outstanding mortgage of $574k2. estimated value: $900k, outstanding mortgage of $514k#1 cash flows nicely for me at $2500/mo, but #2 le...