Jason Dumbaugh
Sell or Rent primary residence?
Hello all,Looking for some sell-or-rent advice. My wife and I purchased our first-ever home in Viera, FL (on the Space Coast) for $430k back in Oct 2022 with 10% down using a 5/1 4.5% ARM. We're now 2y+ in, and set o...
Jeremy Clarke
Need your creativity
So I own a rental property here in Denver. It has between $250k-$300k of equity in it at 3.25% interest rate. I gross about $1,200 a month after I pay the mortgage. Mortgage is $2,500, rent is $3,750. I'm looking to p...
Jared Schott
Long Term Rental by assuming loan; risky idea?
Hi folks I previously posted about a 5 bed 4.5 bath house for sale at 590,000 and has been up for 60 days. This house has an FHA loan that I can take over and all in it'll be 2k/month. however, the amount left on loan...
Marie Jensen
Pay off "second home" with inheritance
We have a second home where one of our adult children is living. She is unable to pay rent (long story but may never be able). Right now we are paying the mortgage of $1,000 a month at 4.125%, with a $188k balance. I ...
Chris Duzan
Area Analysis
I've been looking around BiggerPockets for a little while and haven't found much on the subject of area analysis. I'm reading a book right now(Buy it, Rent it, Profit! by Bryan Chavis) that discusses analyzing an area...
Joaquin Camarasa
Would you refinance NOW or WAIT?
I bought this property with a friend 3 years ago with an FHA loan 4.2% interest rate. We have been househacking the property for 3 years. I moved out to the DMV area but my friend is still househacking it.We bought it...
Account Closed
Figuring Out Home Equity
Are there ways that I could find out if a home that I do not own has equity?
Brad Simmons
First possible deal Wichita, Kansas
Multifamily converted house with a small 1 bed/bath house in back yard. Small house is 1 bed/bath and needs about $5000 (according to seller, so $7500) to get up and running. Rented previously for $375. Other two unit...
Asher Anthes
Using HELOC's
So, I cash out refi'ed my first property up to 80% at 3.75% fixed. I'm about to close a second mortgage to go up to 90% LTV and give me an additional $17,500 in cash out at 4.75%. I'm using all the money I get out o...
Brandon Sturgill
Portfolio Blanket Loan and Re-fi Options
I currently have a portfolio loan dressed as a 1/1 ARM on two properties. The lender has provided 80%LTV on one property I have owned and one I am buying ($254k combined value). So, basically the first property act...