Berenice Barrot
Which one is better for a long term, HELOC or HELOAN??
My rental property have a good amount of equity. My plan is to use it to invest into a multi family. With how the market is acting and interest rates so high. Which is better for me to get now a HELOC or a HELOAN?Any ...
Dan Ventura
Estimating ARV with limited comps
I’m trying to estimate the ARV of a duplex I’m looking to buy and having a hard time finding comps. I have looked as far back as the past year and there just are not a lot of duplexes in this market. How does everyone...
Michelle Costello
Looking at a refi 5-1 ARM
Hello BP,
I have 5 rental properties that I have owned for 3 or so years now that have significantly increased in value. Each property is mortgaged so Ive started looking into options to access the equity and one of ...
Jonathan Balascsak
VA loan interest rates with plan to refinance out?
Hey everyone!I am closing on a duplex on Thursday we are house hacking (second tier VA Home loan Benefit) and the last order of business is to choose my interest rate. here are the rates with costs to close.3.75- 765$...
Micheal Briscoe
Options when DTI is too high
To keep the story short, employment changed via a corporate buyout. Pay structure and scale changed. Conventional underwriting is having a hard time due to the extreme amounts of overtime (168 hrs/week).
Just look...
Gabriel Kreider
Potential large apartment deal
I am was recently made aware of a 165 unit property that had an owner interested in selling and getting out. I have 8 units in small town houses and multifamily. I do t know where do start with pitching a deal to the ...
Jalen DeVine
Fix and Flip Loan Product
How do you feel about this financing option? Fix and Flip Loan Product:Financing covers acquisition and rehab Cash required: 10% of acquisition and rehab costRates 8.5% to 9.5%Term 6-12 monthsLTV Required 70% as compl...
Rick Im
2nd mortgage lender
Does anyone know of a lender that offers second mortgages on rental properties? I’ve been working with several lenders for DSCR loans, but I’ve found that the fees are quite high, with minimal benefit in terms of lowe...
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...
James Krell
Brrrr financing options
My partner and I are doing our first brrrr. Here’s the numbersPP 150,000 Hard money loan-135kRepairs-15kSigned lease of $1650 per month.ARV 220k My hard money lender offers two loans that keep the property in the Llc....