C Lewis
HELP- Refinance and IBR Issues
On 9/3/15, I was approved by Quicken Loans for a FHA refinance cash out. I purchased this home 8 years ago for $68,000 and now owe $61,000. The house was just appraised for $116,000 I was initially approved with Quic...
Kody King
How much would you pay for this deal?
What would you pay for this deal? I primarily invest in SFHs but an opportunity has come up to purchase a commercial property with rental units and the owner wants me to come up with a price...
The property has three...
Kevin Au
Co-borrowing on a 1031 exchange
hi all, first post here and a complete newbie when it comes to anything real estate related. Apologies if this has been already asked.
my dad wants to 1031 an existing rental and rent out the replacement property to ...
Jason Pearson
Pay Cash, Refi, Repeat?
Lets say that I pay cash for my first rental using a HELOC against my residence. I now own a rental free and clear (still owing the Heloc). Can I obtain a traditional refi now that there is no current loan on the ho...
Dominic R.
2 yr Landlording on Taxes holding me up!
Ok - this will be a bit of a winded post but want to air my current situation and ask for your help. I am really looking to have explained a little deeper the ways individuals build a buy-and-hold portfolio and get a...
Christopher Canzoneri
Need help on deal analysis - private sale 4 plex in NY
Hello!Analyzing a deal here and could use some assistance. Please let me know if you require any additional information. Property located in Orange County, NYMy intention is to owner occupy one of the units for a lowe...
Jessica Parker
HELOC Bank Statement income verification?
Hey BP'ers! So I am trying to get a HELOC on my home right now to use for investing purposes. I was turned down due to my income not being high enough on my w2s. I currently own my own business and have lots of wri...
Eli Rods
Neighbor has no credit history- being denied mortgage
Hi fellow BPers,Need your help for a friend of mine.He was denied a mortgage loan by Citi Bank because he is self employed. He has 3 weeks left to find another mortgage since he’s in contract. Used to be an investment...
Justin Miller
How does a Cash out Refinance Work?
Does the amount you can receive from a cash out refinance depend on the max loan you can get based on your annual income?
Ron Flatt
Portfolio Lender Ideas
Ok folks, need some ideas. Purchased several duplexes in the last 90 days. Was able to get financed through my local bank. I am now at the limit on debt/income ratio on properties. Have the opportunity to purchase...