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Hi all. Rookie investor looking into the process for refinancing and possibly doing a BRRR deal in San Antonio. I've bought an SFR with HML and it is currently being remodelled. I'd like to rent and refinance it . Th...
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I’m considering investing in short term rentals. I’ve been working on saving up a down payment for my first rental but curious about using a HELOC to take advantage of the equity in my primary residence for the down p...
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I was checking to see if anyone has any experience with DSCR loans as a tool for multi-family properties(4plex on down). I would love to hear your experience and how it worked out.
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I just found out that in PA it's illegal for a lender to have a DSCR loan under $301k with a prepayment penalty. Since most DSCR lenders require a prepayment penalty it's been difficult to find refinancing options for...
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I purchased a rental property in June with 20% down and financed with a conventional loan at 8.125%. Obviously, with rates dropping I am looking to refinance to reduce that rate. I have a loan estimate from a lender t...
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Hey BP! So, my wife and I purchased our first investment property in May of 2017 (a 4plex). We comepletely renovated one unit and moved into that one unit. We've increased rents on 2 of the other 3 units and soon ...
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I'm using the BRRR strategy and trying to figure out how much of an advantage it would be for me to purchase with cash, and then cashout refi after renovations are complete. My alternative is financing with a local ba...
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Hi everyone,
Over the past six years, I’ve built a portfolio of 70+ properties, primarily single-family rentals. My wife and I are now at a stage in life where we’re looking to move from a condo rental in the city to...
First time refi'ng. Owe 760k on current loan. Refinancing for 1.3mm. 16 unit residential These are the terms offered by Lender......3+3+3+3+3+3+3+3+3+3 ARM, 30yr Amortization- 3.625% 5+5+5+5+5+5 ARM, 30yr Amortizatio...
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how would you refinance a house during covid19?