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Hi Folks - I’ve looked at quite a few posts but nothing seems to answer my question. I live in Colorado if it matters at all.House 1: SFR purchased with owner occupied conventional loan 2.5 years ago. House 2: SFR pur...
Hello,I flipped a property. I am unsure if a should cash out and refinance or sale it.Can someone please explain how the cash out refinance works.The ARV is 175k. Does that mean I refinance 80% of the ARV of the prope...
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Hi I am new in REI and looking for to invest in Lehigh Valley PA, I just got approved for a loan. And Looking for where to buy!! I tried to analyze deal as much I can. Love to connect with this area investor as well. ...
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Greetings, Bigger Pockets community! I'm seeking your help in locating sample contracts, understanding crucial considerations, and learning how to modify contract terms. Specifically, I aim to create a zero-interest l...
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Hi BP!I know typically lenders want verifiable employment for at least 2 years to qualify for a loan. If you lost your job, and then gain new employment at a higher salary within the same industry a few months later d...
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Hi All,These days what would you consider a minimum cash on cash return on a small multifamily (4-8 units) that you would be comfortable with to make purchase? And from your own experience how much was the closing cos...
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Hey everybody We own 8 rentals in Philly, we are looking to pull some cash out or get a HELOC in order to continue scaling. Our main issue is these properties are owned in an LLC. Does anyone know of any lenders that ...
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This is similar to another post about advancing property taxes for NPNs with a few differences.We will make advances for escrow accounts for owner occupied loans, in which the borrower may file Ch 13 Bankruptcy. Keepi...
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Stats:
Currently a buy and hold investor. Several rentals currently, looking to add more now that my military career is coming to an end.
Situation:
We've bought a couple of houses with the ol' , trusty VA home loa...
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I have heard that finding a lender to refinance your property after buying, rehabbing, and renting it out can be difficult and that this strategy really leaves you at the mercy of the bank. In everyones opinion, does ...