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I am working a deal that would allow me to purchase owner financed. I will give him 10% down with monthly payments and a 5 year balloon. My goal is to rehab the property and then refinance to keep as a rental.Here are...
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Hi everyone, I am new to real estate investing but have over 30 years experience in the investment management industry. My question centers on the merits of doing a cash out refinance on a rental property that I origi...
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Hello,I'm looking at some potential out of state SFH investments. The strategy being to use HELOC/cash to purchase and then pull out the cash with refinance. The properties may need some cosmetic update but not look...
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We are investors with about 10 years experience. We have a portfolio of 6 buildings, 30 units, down from our original 52. We have very little debt (if you include the loan + heloc on our personal residence, we're abou...
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Anyone know how I can refinance a house even though I just got a truck repossesed?
Is this possible? Do they check credit on a refi?
Any info will be appreciated. Thansk.
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In todays market do banks allow refinancing of a home originally financed by a HML?
Does personal credit and assets become a variable in this situation or are the numbers on the home the only thing that matter?
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A couple of friends have approached me for help.
#1 SFH FMV $408k
two mortgages at about $215k at 6.5%
credit score 602 550 550
$48k annual income
#2 SFH FMV $650,000
one mortgage at $450K at 6.5% interest only
cred...
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Hi,
We purchased a house 4 years ago and financed it with a private mortgage. The private mortgage is with a family member and was for 100% of the purchase price. We were looking at refinancing the loan with a bank, ...
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I went to a foreclosure mediation with someone this morning and one of the options the lender gave her (the homeowner) was a short sale re-finance, where the homeowner can actually purchase her home back in a short sa...
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Hello Everyone, Last month I purchased a duplex for cash in the Albany,NY area. Currently, I’m an out of state investor living in PA. My goal is to do a refi on the property and take the equity to invest into anothe...