I'm considering refinancing two mortgages I have on two separate properties or selling one property and refinancing the other with the added cash from that sale.
Property 1 (duplex total income $1,450. $400 below mar...
Hi I’m a newbie trying to get my first deal and have the following question. Has anyone done a Loan for the down payment and another loan for the mortgage for one property such as a turnkey?
Hello Everyone!
Hoping for some advice and a little insight.
When interest rates were lower, July 2022, we locked in heloc fixed for 3 yrs at 3.25% interest only. We just purchased rental number two and I wanted so...
I have come across a few properties where one would assume a loan as opposed to buying the property outright for cash and putting new debt on it. My attorney said this is a much easier process. Are there significant...
Let me start with a little background on why I am posting this as it strikes me as a bit of a random post to just throw out there. The weekend of the 9th through the 11th I had to drive from Corpus Christi, Tx. to Cla...
I am currently a 33% owner in a S-Corp that has loans on several properties. My partners and I have agreed to a stock issuance to allow an additional partner to join the company that will dilute me personally to a...
I am currently building a plan to start my REI business. I am curious as to what are people's opinions on debt, emergency funds and cash reserves before getting involved with an investment property? I think credit car...
Hello All,
I'm about to have my first formal sit down with my local banker.... I would like to get some feedback on my "planned request".
I currently have one rental property that is debt free that rents for $500....
HelloI have bought seven units with 70% loan and now with higher prices, I can pay back my loan if I sell 3 units and this way I will have 4 units totally paid and available for cash refinance if real estate prices fa...
I have a property I am selling this week. I purchased the property in 2012 for $45k. I put an additional 40k into the deal in capital improvements in 2012 as well. I refinanced the deal for $90k, and currently have...