Miller McSwain
Personal Line of Credit for Real Estate
I found that US Bank offers personal lines of credit for $5k-$20k at 10% interest with no annual fee.I figured it wouldn't be a bad idea to have access to this for a rehab overage, black swan event, etc.Does anyone kn...
Jonathan Napper
Cash Discount then Cash Out Refi??
Is this plausible or am I out in left field?If I am able to buy a 75K house for 50K because I am paying with cash, can I then execute a Cash Out Refi for 80% APV bringing 60K back in my pocket? The house is fine and c...
Nathan Letourneau
waiting period on refi when changing deed from LLC to personal
I bought a single family house in my LLC with the intention of fixing and reselling. I've since changed my mind and want to hold it as a rental. If I change the deed to my personal name in order to get a 30-year mortg...
Vanessa Switzler
Underwriting assistance with Jersey Shore property
Hi All! Looking for assistance with underwriting a unique Jersey shore market (Long Beach Island). I say unique because the time frame for rentals is abbreviated (May-early October) and weekly rates are very high in ...
Brandon C.
How Fast Can You Refinance?
I've been recently reading two BP books and they touch on BRRRR from time to time (Also the podcasts I've listened to). My question is, can you Refinance before Renting? Has anyone ever put their own spin on BRRRR str...
Christy Flora
Delayed Financing (Using HELOC to purchase Second Home/STR/Invest
We have quite a bit of equity in our home and are considering using a HELOC to become a "cash buyer" for a second home (Short Term Rental). The plan would be to pay back the HELOC using rental income (or just our inc...
Bret Kennedy
Resources for mortgages - cash out investments properties
HI all. I have a 2 main questions. 1) I really need to get more information on mortgages. The different kinds of them available as an investor, who to speak to that can help me with this information? or any online res...
Jay Baxter
BRRRR Question
Hello everyone! I have a newbie question related to Brandon's BRRRR strategy. If I pay cash for a SFR in Birmingham Alabama, rehab it, and rent it out, will I have to wait several months to let it "season" before I c...
Christopher DeLucien
Warmer climate investing trends
Hello
As a newbie investor, and one who is actively trying to fill gaps in my knowledge, I am curious to know if anyone is actively investing in the warmer climate states (IE: Texas, Florida). If so, what sort of sea...
Kyle D.
Buying Cash - HELOC Before or After Rehab?
Looking for some advice on when to get financing for my next deal. I close on this place on Friday, and am wondering how quick I can pull my cash back out.Purchase Price - 60kRehab - 30kTax Value - 100kARV - 130kMy qu...