Agustin Conti
HELOC, HELOAN or something else for personal Home renovation
I have 2 investment properties that are doing really well and give me some cash flow (on top of paying both mortgages). Before thinking of going for the 3rd one, which would be great if it goes as well as these two, ...
Rob Terpilowski
BRRRR turns into GRRRR, having a hard time refi-ing
I purchased 2 distressed duplexes next door to each other in the Seattle Tacoma area, initially with the intent of fixing and flipping them. I already had a BRRRR duplex that I purchased a few months prior and was be...
KATHY H.
Cash out refinance on rental property
Recently purchased my first rental property (basically turn key) two months ago with cash. The property is around $90k. Now I would like to refinance this property to get some cash out. Called around for a couple quot...
Tae C.
Does HML count against your personal DTI?
Hello all,Not sure if this should go into Personal Finance or not. Anyway, question is as stated - does your hard money loan count negatively towards your DTI ratio? I am wondering specifically in the context of if y...
Ken Bernstein
Cash-out Refi Process
Hello BP Nation,
My partner and I recently closed on a hard money loan to acquire additional properties, and are now working on the exit strategy. We have been purchasing properties since 8/13 and now own 23...
John Hodson
Best Rate for a 30-Year Fixed
Hi BPers!I want to get an idea of what mortgage rates you all are currently getting. I currently am seeing a 4.75% on a 30-year fixed with 20% down. If anyone has done better than this, I'm curious about what the term...
Daniel Suarez
My First Multi-Family process (will keep updated)
Hey all, wanted to share with everyone my experience purchasing my first multi-family and maybe help some people and also get some tips on how to improve the process going forward. I currently have 8 single family pro...
Matt Liu
Paying a Super 6% of Gross?
I am thinking of offering my handyman 6% of gross rents to take care of an apartment building I will be getting soon. He will do everything except bookkeeping, paperwork, and filling vacancies (I have a great renta...
Carlos Gonzalez
New To Forum
I'd like to say hello to everyone and would like to extend my appreciation to all the posters. I have learned a great deal by reading this forum for the past few weeks. I actually came upon it while browsing other rea...
Christopher Ward
Funding strategy for first deal
Hello everyone, I would like to obtain my first rental property next year (fingers crossed).I currently own a home 100 % clear (worth approximately 160k) and would like to use the equity to fund the down payment for ...