Hello my fellow bigger pockets tribe! I certainly hope everyone is well, especially during these historic times. I’m curios to know- What Financing option do you use for your BRRRR ? What are the typical term(s) of yo...
Hello my name is Nick Moran. I am a Realtor In the Las Vegas area. My wife and I just joined BP pro and started the 90 day challenge. We want to flip a house and I am interested in trying to find out how I can get an...
Hi all,My agent presented an opportunity to me that would use seller financing and I had a few questions. The seller is looking to sell a house he bought and renovated. Based on a conversation with my agent, the selle...
Bought a rental w/ cash for $50kNow it's worth $125k.Would like to cash out refi 80% of it as interest only to invest it elsewhere.Is this possible?Thanks
Hi Folks, I'm fairly new to RE investing and wanted some input on using interest only mortgages/loans. I currently have 3 properties under contract. Two of the properties I plan to sell within 1-3 years. The third is ...
I remember when all of us military guys and gals were lobbying to get a forum for us to post our unique issues and challenges in. We move around A LOT and face different issues than others in this business. I also k...
Does anybody have an opinion on using an interest only loan on their primary residence? The logic behind this is that by using an interest only loan you will be able to use the savings to invest elsewhere and be able...
Hey guys looking to get a HELOC on an investment property. I’ve called numerous banks and found one that will do it but it’s an interest only HELOC. This is my first time using a HELOC. Is this a good idea or no? Th...
I am wondering if anyone knows of any federal banks or lenders that are offering interest only or partly amortized loans. I do not have the income or the capital to pay the conventional loan payments on a $600,000 p...
I've read that there maybe these types of loans for bigger deals. For my application, I'd love to find interest only deals for single family rentals ($200-500k). Do banks ever do this?I had someone try to sell me one...