Teacha Wong
ADU Finance Option for new property
I need some advise on the best option for financing my ADU build, I just bought my home in January 2020, so HELOC and similar loans I will not get approved for because equity in my home is not yet large enough, I nee...
Tempu Nefertari
Choosing a HELOAN Lender
I would value your thoughts on how to choose a good HELOAN lender. What else should I take into consideration other than rate?:
Eric Calabrese
To refinance or not to refinance
hey fellow pocketers! It's been a while. So after closing on my first property in September and everything going great numbers wise I'm ready for property two! Problem is I need atleast 10k more to purchase it comfort...
Melissa Kirchhoff
Refinancing - equity for investments, opinions?
So I've had my mortgage on my primary residence for almost 8 years, we bought low, fixed up, 20% down, etc. So I have a fair amount of equity on my home. Though the comps are weird for my area, I'd guess that I have 4...
Jenny Ruckno
HELOC or HE Loan for a 2-unit property, live in one do not rent out the other
Hi.I own a 2 unit property (main house with a 2nd smaller cottage that is a legal rental unit). I do not rent out the unit.I am interested in getting a home equity loan or HELOC to tap out on my equity. But I am being...
Daniel Knutson
Financing my first deal
Hey bigger pockets community! I am just starting out my real estate venture, and am looking for some thoughts on how to finance my first deal. I want to start off house hacking a three to four unit property, and renti...
Latimer Luis
New construction - $40K in equity - any financing advice?
I am in contract on two newly constructed townhomes, to be completed by the end of the year. My original plan was to 1031 into these properties to take advantage of the equity I've built, but the cash flow on my curre...
Brent Byers
Help - Low Income vs. Sell, Buy Better and Pay Down Debt
Hi - i have a big Choice, my single family property in Hamilton Ontario was purchased in 2001 for $194K and has appreciated in Value to around $400K(~12%/yr). The property gives a small NOI (after Mort and all costs) ...
Paul Khazansky
What IRR returns do you target?
Hey everyone!
What IRR returns do you target when looking at acquiring an existing multi family property? Let's assume it's a class B property, 10 units, you plan to gut-renovate it, and then lease it out for 4 more ...
Andy R.
PMI Removal on non-FHA Rental Loan
Hi BP, I have a rental property that has about 60% equity. About 3 months ago a representative (Supreme Lending) mentioned that a rental property has to have at least 75% equity to remove the PMI. Recently I spoke to ...