Douglas Middleton
HELOC 1st Lien Position
Hi fellow BP Colleagues! I am searching for a lender that will provide a HELOC in the 1st lien position on 3 rental properties I own. I am finding lots of evidence of this elusive loan product around the BP forums,...
Eric Mcginn
Can I refinance into an FHA?
Let's say I bought a duplex with a commercial loan under an LLC now and rented it. And then at a later date live in one of the units and make it my primary residence, can I refi into an FHA loan? In theory I would do ...
Lori Greene
Advice on Refi-Cash Out or HELOC to fund investment property.
I want to hear from anyone who has bought an investment property using a Cash-Out Refi or a HELOC.1. How restrictive do you feel each of these options are?2. What are the benefits?Looking for mortgage experts in refin...
Rebekah Valdez
HELOC vs Cash Out Refi
I have a good amount of equity in my home and I do have a mortgage. I have been trying to weigh pros and cons of HELOC vs Cash out refi. I want to use it for down payment and rehab on a rental property. Any insight ...
Brock Maggard
What kind of interest-rate should I expect
I’m trying to calculate cash flow on a rental property that I am about to refinance for the BRRR strategy , And I don’t know what to put for an interest-rate.I haven’t applied for a mortgage in 10 years at which time ...
Magesh R.
Blanket loans for out of state investor
What is the best way to go about finding banks which would do a blanket loan for an out of state investor? I am in touch with banks in Ohio that have good terms but unfortunately they don't deal with out of state inve...
Joshua Bailey
HELOC question to buy rental unit
I was planning on getting a heloc to pay the 20% down payment on a fourplex. They got back to me and said its easier for them to just pay my mortgage off with the heloc to obtain the cash I want. Interest rate in this...
Benjamin Maughmer
Selling my rental in Texas on a wrap-arbitrage play
I smell an opportunity. The property and financing - Bought my 1st rental property (2019 new construction 3/2 with a 5 year home warranty) which I paid 20% down at 139k and refinaced in 2020 108k at 3.75% on a 20 yea...
Todd Givens
Commercial Mortgage or Business line of credit
Hi, I own a commercial property outright. It's current value is somewhere around $250k. I intend to hold onto this property for 3-5 years. In the meantime, I want to free up some of this equity so I can invest elsewhe...
John Pfeifer
What to do with negative cash flow property?
Hey everyone. Love the BiggerPockets community and looking for advice with a negative cash flowing rental. I’ll get right too it:I bought a condo for a place to live and received a new home buyer grant. 200k - 10k g...