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I have spoke with a lender that told me they could not do a cash refinance on my investment property because in Texas fees can't be more than 2% on the loan. The house is worth 120k to 140k and I owe 29K on property. ...
Anyone have any thoughts on this?
My 2 favorites I know of:
-PayPal'ing the cash to myself (3% fee). Although they've given me a slap on the wrist for this.
-Amazon WebPay'ing the cash to...
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I have about $200K from a 1031 to re-invest before end of November 2021. Typical commercial loans require 25% down (or 20% down with higher rates) – meaning the highest I can purchase using the $200K alone is about $1...
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Hello,I was pre approved for a $500,000 to $525,000 loan here in Los Angeles, CA . It is a FHA Loan and I will need 3.5% - $18,375. I have $2,000 saved. I am going to work hard but any creative ways to save money or g...
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My mom is essentially selling her condo to me at half price. I'm currently living in it and am planning on doing so for at least few years. I would like to tap into the equity left over to invest in a future...
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Hey folks! It’s been a while since I’ve posted - quick update:- Purchased condo in 08/2021, fixed it up and it’s been fully leased since 11/2022- Purchased 2 unit in 10/2022, currently living in one unit and renting t...
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So, I've come across 2-1- rate buydowns a few times recently. I understand the general concept of it don't really understand the mechanics of how it works. I was hoping someone could explain how you work this into a c...
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Hello All!
Fair new here but would appreciate any insight or advice!
I
was previously in the Army and bought a brand new single family home in
El Paso, TX using my VA loan in 2012 for $146k. I moved back to PA
...
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Hi ya'll! I just came across my 2nd off-market deal, which has caught me off guard. I don't feel like I'm in the financial position to move forward, but I know I'll regret it if I don't. I'd like to acquire this on my...
Here’s the hypothetical situation:I sell an investment property for $1.5mm. Then 1031 to buy another investment property at $1.0mm. Difference of $500K.1. Can I use the $500K difference as a down on a second larger p...