Jason Mergl
What to do with my Equity?
I'm seeking advice on how to best utilize my equity across multiple properties. Below are the details of each property, including purchase price, current estimate, and equity, along with their respective cash flows:Ho...
Kumar Gaurav
Refinance makes sense now? If Planning to sell in two years
I will most probably sell in 2 - 5 yrs does Refinancing makes sense now?Thanks
Seth Vendelboe
Cash out refi 6-unit
I have a 6-unit complex (not in Detroit, MI) I am looking to pull cash out of. I purchased this property and have completely rehabbed it, and looking to pull out cash. Would prefer to go the DSCR route, or something...
Robert N.
$5,971 in closing costs/fees on $36,000 loan?
Hello all,
This is my first question posed on B.P.! My question is simple. I am set to close on a property this month (a triplex). The purchase price is $48,000 with 25% down ($12,000). So my loan will be $36,000. H...
Steven Cherry
Cash-out refinance for next rental
Hi all,Purchased my first duplex just over 10 months ago. Put some work into it with it rented the whole time and thinking about doing a cash-out refinance for my next investment property. In contract on a property ...
Jason Hillier
Bought fixer with cash, but want to get a mortgage, do cash reserve requirements apply to me?
Hi mortgage pros,
I bought my first fixer-upper with cash, now that the remodel is nearly complete, I'm looking to get a mortgage on the house. I'm wondering if cash reserve requirements apply to me? Once the...
Aaron Eveland
Sell a great rental or continue renting?
With this hot market it’s tempting to sell. I have a house/duplex in an incredible market that is a great rental that I never thought of selling. But seeing what a house sold for next door is causing me to reconsider....
Hyeseong Park
No prepayment penalty vs 3 yrs vs 5 yrs for current market
What is the best option for prepayment penalty you think these days if I want to go with DSCR loans?I assume that there is a big chance that the rate can drop a bit more due to elections at the end of next year so gov...
Eric Tullius
Section 8 Vs Traditional Tenants In Philadelphia
I have talked to 20 plus investors in the last week considering switching from traditional tenants to section 8. I am a huge believer in the section 8 route, but love to hear any other takes on pros and cons.
Sam Mitchell
Refinancing 4-unit property, is this fee normal?
I'm working on a cash out refi of a 4-unit property of mine. I'm seeing an origination charge that is 2.5% of the total loan value, which together with the loan points comes to 3% of total loan value. My broker is tel...