Nick G.
Bank recommendation for loan in New jersey
Hi everyone,I have three rental properties in Union County, NJ that have been rented starting 2011. I own them free and clear-no mortgage etc. I am looking to get a "cash out" loan on the equity in these properties.Wh...
Carl M.
NEPA Flipper considering Buy and Hold
Hello everyone.
I am relatively new to BP. I have flipped 9 homes to date under our S-Corp and we are now considering buy and hold. I am 47 years old and really desiring to create passive income. I am struggling wit...
Dina C.
Are gift funds allowed when purchasing a second house?
I bought a house for $300K in cash 6 months ago that I want to use as a vacation house. My domestic partner gave me $60K as a "gift" and I am adding him to the title. I want to get a 30-year mortgage now and pull my c...
Zach Norton
How Would You Finance This Duplex?
Hello BP,I have purchased two BRRRR properties this year using personal LOCs through my lender. Both homes were purchased with cash and most of the renovations were paid out of pocket. Both are doing well and are rent...
Account Closed
BRRRR: Can a freelancer get a refinance on a paid-off property?
I have been reading about the BRRRR method of investing, and I am very interested in trying this in the future. However, there is one step that I need some clarification on, refinancing.Currently, I have a W2 job, dec...
Harrison Barber
Cash out refinance seasoning period
Hello BP,
Does anyone know of any mortgage companies in Georgia that do not require a seasoning period for a cash-out refinance? Or a seasoning period of less than six months?
I’m located in Columbus, GA if that hel...
Derek Mizysak
What's the next move?
Hello everyone, new to BP and am looking for some guidance. I've owned a duplex in West Allis since 2009 and just moved out and placed a tenant in both units. Property currently cashflows pretty well but now I am wond...
Anthony Ryan
Financing a rehab project
I am a real estate agent trying to find a deal for an out of town investor. We are looking at a duplex priced at 30k that he plans on putting about 20k into. My question is, what's the best way to finance the deal? He...
Randy Wilson
First BRRRR loan structure help
I'm trying to understand the mechanics of the BRRRR strategy and thought you guys might be able to provide some input.I'm looking at a property that is on the lower end of being able to qualify for a conventional mort...
Account Closed
Is Raleigh a good cashflow market?
Do you guys think the current market in Raleigh is good for cashflow?