Hello all!My family owns a 3bed 2.5 bath Condo in a gated community in Las Vegas zip code 89123. It's completely paid off and a Zillow search has it probably valued around $300k. They're looking to get into a singl...
Hello everyone, I'm considering using a heloc for a downpayment on my first property, however every time I run the numbers through the rental property calculator, the monthly cash flow in usually under $100. I unders...
Hello Lending Experts,Looking to purchase my first (6) unit multi. I have excellent credit and 35% cash down.I know that a typical commercial loan is 20 years with the rate adjusted at (5). Do banks ever write fixed l...
I applied for a Heloc once got approved but last minute declined to sign they will only give my about $45k my home was under evaluated and the %85 the banks do didn't make sense and variable rate and as high as 7.5% w...
My business partner and I are starting out and he was pushing for us to put together our LLC. I am wondering if this is a necessary step and something that needs to be accomplished before we close on our first propert...
I've been using bankrate.com to print off my amortization tables, but they've changed format and it's too difficult to read and they don't offer a printer version so it prints really small. So, does anybody know of a...
Hey BP,
Thanks to BiggerPockets I have recently made my first purchase. It’s a duplex where according to my numbers I will be able to live for free if the home is on a regular 30 year mortgage. I already have a grea...
Hi all I’m new to BP and I’d like your input on my current scenario. 1.) I am getting rates on a cashout refinance LTV 95% 2.) Value of loan at closing will be $342k and cash out will be $148k. 3.) interest rate will ...
Hello Everyone,
What's the advantages and disadvantages of Cash Out Refinance VS a Home equlity Line of credit ?
Hey guys! Like most folks in this sub-forum, I'm hoping I can leverage the experience of you guys! I've grabbed a screen shot of the BP rental calculator, and using whatever information I could find on the listing, ...