William Walker
Refinance advice - with numbers
So I am think about refinancing a current SFH rental property. I have been discussing it with my mortgage company and they gave me full numbers, I'm just not 100% sold on it.I bought the property in 2015 for $134,000...
Taylor Hall
Cash Out Refinance question
Confused about a cash out refi with BRRR. Does it make sense to take out a HELOC for 80K. I buy the home for 60K, rehab lets say 10-20K. Since Id own the house outright, can I or do I (does it make sense) to cash ou...
Juan Rodriguez
Cash out Refinance - Q:
Hello Everyone,I'm beginning to do a cash out refi and the bank wants an explanation letter. Basically, they want to know where the money will be spent. Is there a better answer to put? We just want to expand our port...
Wei Cho
"Shopping" for refinance lenders
Hello!My husband and I are about to finish remodeling our duplex, we're about a week away. We've own the property for a year and I'm in the beginning stages of the refinance process. I'm speaking to two lenders about ...
Steven Brooks
Refinance appraised to High?
Hi guys... so I found a property for a good price to brrr the problem is it’s gonna appraise to high after the rehab where the mortgage will end up being to much to cash flow at a positive rate... is this a actual pro...
Matthew Goodrich
Refinance on a rental
Hi everyone,I am looking to build a relationship with a lender for the purpose of "BRRRR" method. I have an immediate need for a refi on a rental in Texas and looking for referrals for a asset-based lender.Also lookin...
Erin Francis
Seasoning Period for Refinance
So I am doing the BRRRR strategy and I was wondering if the seasoning period to refinance only counts to a bank while a tenant is present or if the rehab time counts towards it?
Jason Pennacchio
Stone Mountain Georgia - Refinance
I currently have a 30 years fixed on an out of state (I live in NYC) SFH investment near Atlanta, GA. My lender at the time of purchase (April 2018) had what was then good rates with very reasonable closing costs. I h...
Jorge Uribe
To refinance or not?
Hey guys,I am weighing pros and cons on whether to refinance or not.1st rental property note is a 20yr 3.5%, I am into the 5th year on the note now with a balance of $119k. Home value is $250k. Lots of equity. I have ...
Mushtaq G.
Refinance Property under LLC
Hi, I am looking for some help refinance my two investment properties, I am currently paying 4.88% on both the loans, the refinance worked out to 2.8% but after all back-n-forth, the banker is now telling me that I ha...