Joe Walton
refinancing a property
Hi, I have a question about refinancing a property. If I buy a property with cash say for $100,000 and I want to refinance for a conventional mortgage on the property and it appraises at $150,000 for the refinance, t...
Greg Bohn
FHA Loan Refinancing
Been looking into using an FHA loan, either standard or 203k, to purchase my first multifamily property. I was wondering if there are certain restrictions on refinancing an FHA loan. I would ideally want to do what is...
Aidan Mulligan
BRRRR Refinancing Confusion
So say I get a 9 month $45,000 hard money loan. $27,000 for purchase $18,000 for rehab and the ARV is $70,000.Where I am confused is that with the refinance, I would cash out at $25,000 and then be paying back a $70,0...
Nick Bolding
HELOC vs Refinancing
My wife and I currently have a paid off house and I have been itching to invest in real estate but my wife has been hesitant. We have began the process to apply for HELOC with a Regional Bank. We are trying to make a ...
Tony Santos
Refinancing in Massachusetts
Hey BP,I currently bought a single family home under my business name. We bought the property with private money (a family members HELOC) and now we are looking to re-fi. We want to re-fi into a commerical loan becaus...
Wade Stahle
Refinancing PMI question
I have a PMI payment of almost exactly $200 every month. The loan balance on my house is $174,000. My house is assessed at $220,000. My interest rate is 3.85%. Is it worth it to try and get the PMI taken off. I am onl...
Patrick O'Neill
Cash Out Refinancing
Hello BP,It's been a while! I have a few questions about Cash Out Refinancing. I'm working on an investment proposal where the down payment and closing cost financing is provided by an investor. I want to know, in gen...
Account Closed
Best refinancing Strategy
I bought a commercial mixed use five unit in 2007 when I was 25 years old and my balloon is maturing next year. It's worth about 800k and I owe 412k. The building nets 15 k per month. I do vacation rentals on the ...
Bradley Perry
Cash out Refinancing
So, I just purchased a lake house as a vacation home. I put 35,000 down. I am renting it through Airbnb and VRBO. The appraised value is 18,000 more than what I paid for it. Since then, I have done some work that I be...
Freeman Schultz
Question about refinancing
I have been told that you should only refinance when rates are low or if you need the money to use for another investment.What if rates are low and there is are not a lot of listings on the market. Is it a good idea t...