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 =...
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...
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...
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
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...
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...
How do you still have a positive cash flow on your rental property after refinancing, doesn't the mortgage go way up so that you're bleeding money every month to keep the property? I'd appreciate any replies I'm new t...
I have a quick question that I am sure this community holds the answer to.
Recently my business partner and I secured a large bit of funding. We want to start building a portfolio of multifamily residentials with thi...
We have a rental property that is paid off completely. Looking for as easy and low doc loan we can do while trying to stay away from hard money fees and rates. Property value is approximately 350-400. Looking to go fo...
Recently bought a townhouse in February with hard money. How soon before i should refinance want to keep it and build a portfolio?