Hi guys! I have a question, I am underwater on a property that I cannot sell or refinance because the loan value is larger than the property value. Value = 350k but leveraged out 100%. However I own a sec...
I'm using cash to purchase a vacant duplex at around 65-70% of market value. I plan on fixing a few things, renting it, and refinancing it with a mortgage to free up the cash again.
For refis, does each lender have a...
Hello BP forum!I'm beginning the process of exploring real estate investment as a means to create passive income, but I'm currently in the researching phase. In attempting to learn about broader investment principles...
Hi all! New to this forum but not new to forums in general! Let me start off by saying I've searched the forum and haven't found an answer to my particular question. Here it goes!I bought a legal 2 unit multi-family h...
Bank won't do a refinance on a property because the owner has 5 or more properties each with mortgages on them. Thoughts or ideas?
Hi follow BP members quick question . I what to refinance and get a HELOC is there a benefit to the particular order I apply this should I refinance first or apply for the HELOC.
Hi All,I'd like to get some clarity on the Cashout Refinance strategy.I recently listened to a Podcast (Show # Late 50's or early 60's) where @Brandon Turner mentioned that his strategy to buy several properties fast ...
We are about to close on an apartment complex purchase with a local bank.The only sore point for me in the deal is a 1% penalty inserted by lender if property is refinanced with another bank anytime in the future but ...
Hello all,I'm just looking to develop a game plan at this point, so this question is not something I am trying to act on right now.I recently purchased my first property using an FHA loan. I am interested in refinanc...
Need some advise on 20 year refinancing. I already am 27 months into my existing 20 year fixed mortgage term loan. Rates have dipped a bit now and I reached out to my lender if he can further reduce my monthly payment...