Reginald Hendricks
Refinancing for another home
Good day I am Alex Hendricks and I have question concerning refinancing. I currently have a house that has equity and would like to refinance to use that equity to purchase another home. Will this give me two differen...
Mike Rawert
Securing Long Term Financing
Hey guys, I am wondering what others have done for securing refinancing or new loans on scaling up and BRRR method. We are running into where all local banks only want to offer short term ARM loans on LLC purchases. ...
Michelle Reid
How do you amortize/analyze a deal with a HELOC for downpayment?
On a 415k purchase of SFR.I'll be using $30k cash and $53k equity line on my primary home. The line is 1.99% for 1 year and prime + 0 thereafter.Interest only for 15 years is an option. I would not use that option.W...
Alan Asriants
How is your local rental market?
Hey BP community. I have been noticing a slowdown in some rental growth in my area (Phila). I have noticed that minimally upgraded units are starting to sit longer and not getting the max rent any more. Nicer units ar...
Susan Lee
HELOC: interest only vs interest + principal
I’m a newbie and I’d love some opinions on which might be preferable and why. we’re trying to decide btw 2 credit unions, both have great rates, no fees, etc this would be to buy our first flip. we can get a HELOC fo...
Murray Reginald
Renting Out My Personal Property
Hi BP,I am considering renting out my personal property to purchase another property and using some of my equity in my personal property to use as a down payment to purchase another property however, my Lender does no...
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Owner financing my 400k house
Hello everyone,If I own a $ 400k property outright, how can I owner finance it?What would be a feasible interest rate and down payment for this property? What would be my monthly check?I would need to consider a 30 ye...
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Excel Subject To Exit Strategy Calculator
Hello,I am a student at the University of Washington and brand new to real estate investing. Luckily, I am about to close on my first deal! However, considering I'm taking the house subject to, I'd like to be able to ...
Michael Janke
BRRRR Refinance out of Hard money and HELOC
I purchased a property with a hard money loan for purchase price only. I am using a HELOC (on my personal residence) to fund renovations. My lender is saying that I will need to wait 12 months with the new rules befor...
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Commercial investor seeking SFH financing advice
This may seem like an odd question, but I am experienced with commercial lending, but have never purchased a SFH as an investment property. I have a question about financing a SFH. I am planning to purchase a SFH that...