If I am paying cash for a house, then doing a refi to pull out 70% of money out. Will I have to pay P&I insurance on the new loan? Does the 30% left count as money down so that I do not have to pay P&I insuran...
Good day I am Alex Hendricks and I have question concerning refinancing. I currently have a house that has equity and would like to refinance to use that equity to purchase another home. Will this give me two differen...
Hello BP community! This is my first post as I am a newbie to the real estate game. I have been bitten by the rental property bug and have challenged myself with buying my first property in the San Antonio area by the...
I'm looking at owner-financing a 30 unit multi-family for about $1.6M, with monthly payments, and a ballon payment in 3 years. Question: Will the bank refinance me after year one or two with no down payment? For exa...
my parents bought a house back in 1999 for around $244k and have around 60-70k left on the mortgage. The market in our area is exploding and the value around our area is $600-700k.I was wondering what kind of options ...
Hi all has anyone had any experience with a company called gocapwest.com or vistolending.com. I have been trying to refinance three properties that I own free and clear but I have had no success because I have tried w...
Hi there,I would like to know if someone could give me some advice on refinancing a hard money loan.Here's the scenario:3 family home purchased through hard money lender. Term is 1 year but it can be paid off at any t...
Already hit up @Chris Mason on this, but trying to figure some potential solutions.Have a borrower whose portfolio is around $35MM. He's trying to refinance properties into lower, long term rates of around 5-6%. He ...
Hello BP, I have a quick question. Say you have a house that has an ARV of 100k (investment property). You refinance for 70k after one year. Would you then be able to take out a line of credit for 20-25k as well ? O...
I have several MF in LLC's where equity could be taken out. What is the best strategy and how do I go about refinancing MF properties when they are in LLC's as opposed to titled in my name? Thank you!Jon