Charlie John
Refinancing primary residence
Hey BP,Hoping to get some insight into financing... I have two mortgages on my primary residence. One is for $320k at 6.0% for 2.5 more years (private money) and the payment is $1950. The second is for $85k at 3.0% (s...
Irene Hunter
To Purchase our First Rental Property Using an LLC
Hello Everyone I'm so happy I've found this website the information here is amazing! Question all, my husband and I are wondering if it is possible to purchase our first rental property under our LLC and it not effec...
Dario Mormina
Partnering on a Property
Hello, myself and a partner identified a property and are in contract. The thought is that he would secure the financing in his name, then post closing, deed the property into an LLC that we have 50/50 ownership of. I...
Kyle Nichol
What should I do with my newly paid off home?
As the title states, I’m looking for ideas on what I could POTENTIALLY do with my recently paid-off SFR.
My goal is to purchase my first investment property within the next 12 months. My initial plan is/was to take a...
Angela Liu
Randolph Brooks (RBFCU) - using them for a HELOC
Can anyone share their experience with using RBFCU to do a HELOC on their primary?I talked to them about getting a HELOC out of primary home residence. Just wants to see if others' experiences lines up with my percept...
Brandon Neiss
Cross-collaterlization to secure a larger HELOC
Good Evening - I'll cut right to the chase. I am looking at an REO property where the bank will only accept a cash deal. Have any of you had success in cross-collateralizing your properties to secure a higher HELOC or...
Job Hempy
First BRRR - Reno complete, financing questions
I have completed the reno on my first BRRR. Numbers below:2/bd 1/ba w/ higher end finishes. I self manage the propertyPurchase price: 16kRehab/holding costs to date: 69kAppraised: 97.9kRent: 1000/mo Vacancy: 50/moRepa...
Ken Nyczaj
Primary Residence as a wedding venue
I'm curious if anyone has any insight on hosting a wedding at their primary residence. My backyard has been used for a family members wedding in the past, but I'm not sure about the liability of having someone I don't...
Andrew McGuire
Top 5 Things I learned since buying on Creative Finance
Last year when my family purchased our new primary residence it was a struggle to go through the lending process and just barely were able to qualify. I thought this was a little crazy because yes I quit my W2 job jus...
Trey Fischer
Buy property with Heloc and then refinance into traditional
If I can buy a property with a Heloc, would I be able to refinance it into a traditional one? Any seasoning requirements?