Michael Darten
Refinancing multifamily unit
Hello BP family!! I have a MF unit that i am able to purchase in my local area. The numbers look good for coC , I just wanted a few opinions on refinancing . Using round numbers for example I will buy the property out...
Dion Duncan
Refinancing & Investing
Hello all,I currently own and actively manage a 5 unit property located in Bronx NY, and I would like to refinance and invest in another rental property. My goal is to continue expanding my rental portfolio through bu...
Alex Simon
Refinancing Under Value
Question. I have a four-plex that I pretty much stole, and that I currently own in cash. I paid $200,000 for the asset, invested about $50,000 on the rehab, and was able to take the rents from $2,000/Month to $3,600...
Michael G.
Refinancing a rental
Hello,I have a single family rental located in Connecticut that I would like to refinance to extract equity. The current mortgage is $153k and the current value by a local trusted realtor is $270k +/-. I plan to inve...
Richard Atella
House hack refinancing
I am currently house hacking. I live with two friends that pay for most of my house payments. I have a decent amount of equity in the house but I am paying PMI. Should I refinance to lower my payments and eliminate th...
Mel Hayes
Refinancing LLC challenges.
Hey BP, I'm buying my first property using my LLC and Im curious about pulling money out as a company vs an individual. If your portfolio consist of properties own as a LLC and you have refinanced one or more of them...
Jacob Trimble
Logic behind refinancing?
Hello,I currently own a rental property and am looking to buy another. My question is there is popular talk about the "BRRR" which I love the concept, I'm not trying to knock it at all. I am just confused at how the r...
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Cost of refinancing.
I've never refinanced before. Generally speaking, is the cost of refinancing a mortgage usually more, less, or the same as getting a regular mortgage for purchasing a house as primary resident?
Patrick Durham
Refinancing Land Contract
Last year I started working on purchasing a house that had been vacant for 15 years. The owners passed and it was part of an estate. Due to the condition of the house and some back taxes I had to purchase it with a ...
Andrew Jones
Refinancing a Note
Hello BP,
I purchased a 5+ unit property in the past year where the seller carried financing and he currently holds a note. He contacted me seeing if I could cash him out and he would agree to reduce the principle of...