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Ok I am buying a 2 unit for 60,000 it needs 30,000 in rehab, and I'm going to live in one side and rent the other side out, Can I refinance a private loan and refinance with a cash out refinace after 3-6 months, if so...
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Evaluating an older property for a potential 203k opportunity and would like to get input and a quote from a contractor experienced with 203k. Property currently is 2 residential units and commercial space. Plan would...
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Hello BP Community!
My name is Luis and I am a new member looking to make 2021 the best year ever. I've been "studying" Real Estate Investing (REI) for about nine months and I'm now ready to take massive action. I am...
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I have been applying to conventional/FHA mortgage lenders all week. I got preapproved for a conventional mortgage with Better Mortgage. But when I tried to adjust from a single family to a multifamily property. 1-4 un...
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I'm currently renting my primary home as a STR vacation home in SW FL.
I want to buy a primary property in another state and convert my existing property into fulltime vacation rental and use the cash flow from th...
We live and work in Utah County and own a home and investment property in Utah County so looking for a local credit union or bank that would be good to partner with for future investment opportunities. We are currentl...
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Hello All,I am currently looking at a 5.99% interest rate on a commercial property loan for 30 years. I plan to put 30-35% down as I want to have less debt on the property and help cashflow increase. (I’m aware many i...
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Hello! Currently own and rent 2 multi families (triplex and duplex). When we refinanced, my mortgage lender said we only had the option to do HELOC, not cash out refi. What are the main reasons for this? HELOC’s are ...
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Hello all,We are looking to acquire a 2 family house where one of the units needs a complete renovation. We were told by one mortgage lender that 203K is our only option here - is it a fair statement? Does anyone have...
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I have a handful of rental properties and so thankful I do for the passive income and now the huge increase in property value. I still have a full time job in Cybersecurity and use any spare funds to put back into re...