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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...
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Good Morning,How would my DTI be effected, assuming I take out a 10 year HELOC ( maybe I should opt for a 20 year ? )If I take out a 10 Year HELOC , won't my " Minimum " monthly payment be JUST the Interest ( If that'...
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I'm in the Canad]ian market and just want some clarification. Is the amount that you pull out on a cash-out refi, actually the forced ARV 'cash' or am I paying taxes and or interest on that cash amount based on the ne...
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I'm planning to do a BRRRR. Cash purchase for 90k, put in 15k and refinance for 110-120k
Since interest is no longer tax deductible unless you get a mortgage at the time of pruchase, I'm thinking it makes sense to bo...
hello I am British view who enjoys watching bigger pockets i an aware that the housing markets are differnt in the UK to the US
but the property markets works in similar patterns. I am currently going through a very ...
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Had a couple questions about my Heloc.Rate 5.45Amount 102,000Monthly payment is 1027is that a high monthly payment for that amount? Thanks in advance
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Hello all,My current strategy has been cash only on my deals but I have began exploring the possibility of leveraging. I recently sat down with a commercial loan officer from a relatively small bank. He seemed eager t...
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I was just kicking around the idea in my head of putting deposit money into a super safe interest earning savings account or 11 month cd. Could easily be returned after the year is up and the tenants move out. I ass...
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Hey BP! I'm actively looking for my first investment property, ideally a STR. I already got pre approved for a conventional loan but I don't want to spend the majority of my cash savings on a down payment. What are th...
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Hey Guys,Sorry I'm terrible at math but I have a rather urgent question. I'm getting a private loan from a friend to fund a BRRRR that I plan to live in once rehab is complete. I just want to know what the home will...