Andy Crooks
Refinancing a 6 unit
I am looking to refi a 6 unit. I currently have a 5 year fixed/25 amor, with a balloon payment coming up in 19. There are no pre-payment penalties so I want to lock in rates now before interest rates climb too much....
Jim Hiler
Refinancing a rental property
Dear BP - I have a rental property that was originally my primary. I purchased it with 5% down in Sept 2009, at a 5.375% interest rate. Due to my taxes going up, still paying PMI and not putting enough down I'm negati...
Martin Yates
Refinancing an inherited house
My wife inherited a property and are not trying to finance it to pay off the other heir. I’m the personal representative on the estate, seems to be causing me trouble getting adscr on it. We’ve updated the house and a...
Daniel Cruz
Partnership, SDIRA, Refinancing Question
Hi All,
If a partner and I own free a rental property free and clear, but my half was purchased using a SDIRA, what happens if we want to refi the rental to pull money out? Are we still stuck w/ a non-recour...
Ryan Terrio
Refinancing Non-Warrantable Condo
I would like to refinance a condo in Destin, FL being used as a short term rental. I found a lender who offered rates that seemed too good to be true (6.125% 7 year ARM) but found him through recommendations from othe...
Michelle Figueroa
Refinancing (BRRRR) Lender Recommendations
I'm planning to BRRRR my next property but looking for a bank who could refinance a property after I renovate & rent it. Does anyone have any experience with a financial institution in North Carolina who might ref...
Aaron Litzenberg
Refinancing and Cash Flow
General question for the BP community.I'm curious about the implications of refinancing a property to pull out equity. If you were to refinance to pull equity out of a rental (think BRRRR), wouldn't that increase PIT...
Wiley Strahan
Refinancing Small Commercial Building
Hi,We are looking to refinance a small commercial multifamily building we have in Ohio out of a bridge loan that we used to renovate the building over the last couple of years. The loan amount would be between 900k -...
Tucker Cummings
Refinancing a Subject To
I’m taking over a property in Subject To form. It needs some light updates, but there is a ton of equity I want to capture through a cash out refinance. Regarding a refinance on a sub2, are there any special condition...
Brandon Trotter
Types of Refinancing options.
Hello all I'm trying to figure out my next move. In 2020 I purchased a 1 bed & 1 bath condo and I have interest in pulling out the equity to use it to acquire another property to move into. The plan will be to the...