The short of it is, I have a double wide trailer, approx 18 years old, on a brick foundation, with a Fannie Mae 15 year loan. The payment is 1100 a month and the rent coming in is only 650. Ive talked to several banks...
Purchased a duplex last year and finished a full hut and remodeling February. Last week the property went under leasing contract for more than I was asking. I am now ready to refinance and pull out equity for a new d...
Is there any way to change the Occupancy clause after a refinance? We purchased a Triplex in Salt Lake City, UT in January of 2017 on an FHA loan, put some sweat equity in it over the course of a year and refinanced o...
Something I do not fully understand is people saying they buy a house for 100k, fix it up for 40k, refinance with appraisal where house is work 160k, and then they claim they pocket 20k? This concept does not very wel...
I just finished a successful BRRRR and refinanced the property at 65% of the appraisal. I have done this on a chunk of my properties and some are financed even lower than 65%. My bank would allow me to refinance up to...
For Fannie Mae loans, is there typically a waiting period after an investor purchases a home with all cash before they are able to get a cash out refinance loan based on the ARV of the remodeled property?
I purchased a single family home with my sister through an LLC. The deal was a single family home. 3 bed and 1 1/2 Bath. I was able to get it owner financed with 25 percent down which i had saved. Purchase price was 2...
Good evening everyone - I would like to know if anyone has been able to refinance during this pandemic? Im in the middle of a rehab and will be looking to refinance in several weeks but unable to find a lender that’s ...
I'm looking to refinance both a duplex that I own that is used as a short-term rental and my primary residence. Is there any benefit or downside to doing both at the same time? Are there any lenders that are notorious...
I am part of an LLC that owns one condo outright and 2 condos with a mortgage that we rent short-term Airbnb.
I would like to look into a cash out refinance on the unit that is paid off so that we have the ability to...