Stefanie Brown
Cash out refi on personal home
My husband and I are considering a cash out refinance on our personal home to fund the down payment on our first STR. (The goal of the refinance is also to get a better interest rate)
This will be our first real est...
Charlie Chew
Switching from salary to commission causing loan complications?
Hey guys,I recently spoke with a lender about getting prequalified for a loan, and explained to the gentleman that I'm about 4 months away from rolling over from a salary position to a purely commission based pay, and...
Qwee Parker
Stuck between a rock and hard place....help?
Hello,
I am looking for some thoughts on my recently crumbling real estate journey. My partner and I own 2 properties. We bought our most recent property in May 2023. In October 2023, I had a baby. Within the same m...
Sam Guarnieri
Lease option as a strategy for me
As a newbie investor, I would like to stay in the Central Florida area. Is lease option a viable strategy in this area? Any information is appreciated.
Cece Steoger
Should I sell or rent my primary house
Hi, newbie here. I have a house around north seattle(Greenwood/Greenlake) area. I did all the calculation and know that this is definitely not a good rental investment.... (I.e cash flow is about neutral. Big equity l...
Shannon K.
Structuring a Cash for Keys to help a distressed homeowner
I'm trying to structure a deal to assist a distressed owner I know. Here's the details, please advise if either option could work. Market Value of the property is about $230,000-235,000 Taxes and insurance are escrowe...
Adam Britt
A question about investment loans
Good afternoon BP! I have a question for you all. I'm still learning, so forgive my ignorance. I've heard the term "love money" and understand it to be money given or loaned from family. After speaking with a bank, ...
Sergio Aguinaga
Wrap around Land Contract
Hello all. I have a couple quick questions: I’m in Michigan and we only do land contracts for wraps or seller finance.Scenario: If a seller owes 40k on a mortgage and the ARV is 100k while he’s 16 years into the loan ...
Austin Janiszewski
Unsure of the many options I have. Consider the following:
So I bought, I rehabbed, and now to rent and refinance. The issue is we still live in the home and with the interest rates and my wife being a stay at home mom we feel like we can commit to getting into a new property...
Taylor Wisnewski
Best options to use the equity in the properties I already own?
I currently own 3 rental properties (1 free and clear), in addition to a primary residence and secondary residence. The three rental properties were purchased in my name and then deeded into the LLC that I use for my ...