Roy Gutierrez
Refinance Primary and HELOC into new mortgage or Not?
Hi guys,
I have my primary with a mortgage that I owe $113K at 3.75% but it's an FHA loan and paying about $77 month on the FHA insurance that is for life. I also have a HELOC tied to this house, I owe 48K at 4.04%, ...
David Nussenblatt
buy w/ owner financing/sell lease to rent
Hi All. I am new to this and have little to no cash to speak of. I am going to lay out my plan here and if someone can let me know if this seems like a good plan or not and why I would greatly appreciate it.
...
Samson Kay
Air Conditioning System Upgrade in 4-Family Rental.
FIRST POST!
Hi Everyone. Looking to get some opinions. I recently acquired a 4 family home and was trying to determine what kinda of capital improvements I can do to the property short term that can add value to the ...
Matthew W.
Why does an appraiser need to know the price I paid for a home?
Hey Everyone,I am getting my house appraised for a HELOC and the appraiser sent me an email asking for the amount I paid for the house. I own the home free and clear. I am curious why what I paid for the house has any...
Daniel Dietz
What type of loan is best for this situation/advice?
Hello,A family member has a somewhat 'unique' situation coming up dealing with an estate and I thought I would jump in here to help them get some advice.Situation is this; they (family member) are one of three sibling...
Scott Key
New Build: Sell or Hold?
We are under contract on one of five spec builds - identical homes on a replatted lot. We secured a cash-buyer for a much higher sales price than we had expected (hooray). We feel fortunate on a number of fronts, but ...
Timothy Brolsma
Question on starting an LLC
I have been a remodeling contractor 40 years and burnt out, I am ready to start a new journey in real estate investing that I could get my kids involved in a few years, I would like to keep my personal house for renta...
Kevin McDonald
Will my financing plan work to buy multiple SFR's?
I have four properties (Live in one, rent two, rehabbing 3rd rental as we speak). I got started in real estate by buying a unfinished house (had to get HELOC on personal residence to purchase), I finished building th...
Sean Gallagher
Using gift of equity as down payment, loan structure?
Looking to see if someone can better explain this for me, say a home purchase price is 150k and 30k is needed for down payment, relative seller agrees to a gift of equity of 30k, so the lender approves the buyer for 1...
James Cress
Can i buy a house for 25k and have equity if its valued at 50k?
Im thinking about investing in a 25k single family home thats actually valued at 57k. Will i instantly have 25k usable equity?