Account Closed
Single Meter Duplex-- Utility costs getting out of hand??
Hi all. Last year I purchased my first rental (BRRRR) for $115,000, and put around $30,000 into repairs. It appraised for last month at $220,000 in which I was able to do a cash-out refi and pull almost $30k back out....
James Free
Cash-out refinancing as a cash flow strategy?
Hello BP,Fairly new here, and I had a thought that I want to run by the group. It feels like there ought to be something wrong with this, but I'm not sure what it is.Suppose you're at the stage of life where you're re...
Chad Shell
Working on my first deal and have a BRRRR? Please help.
Gave myself the 90 day challenge two months ago and am looking to do a BRRRR deal. Can someone tell me if this house/deal would possibly qualify. Purchase price possiblity - $80,000ARV - $150,000.70 = 105,000- $30,000...
Colleen Berquist
Do we buy the duplex or do we keep waiting?
Help! My husband and I have an opportunity to buy a completely flipped duplex in a cute, popular suburban downtown area. Originally listed at $310,000 and now down to $295,000. Bottom unit is 2/1 and upper is 1/1. Bot...
Ryan Bunch
Advice for new REI with $500k cash
I am a new real estate investor with a large amount of capital. I am constantly consuming, trying to read and learn as much as possible over the last 6 months. I wanted opinions from experienced investors on where t...
Travis Barron
Refinance: Cash Out or No Cash Out
Hello BP Members, I'd like to hear your opinion.Currently my wife and I are looking to refinance underlying mortgage on our primary residence from a 30 yr fixed @ 4.5%, to a 5/1 ARM @ 3.375% based on received rate quo...
Lisa Sluss
Cash-out equity loan for house paid-in-full
I have a fixer-upper that I own outright. I’m 80% finished on the rehab. I need cash to carry me to the finish line. A cash-out equity loan of $75000 with no pre-payment penalty would be perfect. A hard money lend...
Edit B.
Property Value / Delayed Financing Exemption / Cash Out Refi
I've read Fannie Mae guideline on this, but am recently confused after speaking with a few lenders. According to the DFE on Cash Out Refi, if a property is purchased in cash;1.) 6 month seasoning period is not require...
Rich C.
Cash out refinancing 4-unit >417K
Has anyone had experience with 30 yr cash out refinances above 417k?I am looking to do a cash out refinancing on a 4-unit property for around 650k with a 30 yr fixed loan. I know that FHFA's posted conforming loan li...
Seth Sigmon
Cash Out Refinance.
When doing a cash out refinance at 75% on a home valued at $150k, you would walk away with $112,500 in cash AND your new mortgage on the property is also $112,500? Is this correct? I want to make sure I am understand ...