Cedric Volkmer
Refinancing primary residence to purchase more rental properties
Currently my family and I live in a starter house. We already have a lot and plan on building a house when lumber prices hopefully fall a bit more, so we can wait for a year or two.
Our current primary residence is ...
Dustin Cooper
Sell paid for SF rental for down payment on MF rental?
I am looking for advice as I am interested in buying my first multifamily rental unit (at least 4 plex)
I have a paid-for single family unit that cash flows about $650/month that I purchased for $25k but is now worth...
Robert Buchmann
Insurance help for rental in South City
I'm under contract on a multifamily in South City and currently looking at insurance options. The first few quotes I got were a lot higher than I expected. With most of the buildings in that area being 100 years old...
Beth Traverso
HELOC on non-owner occupied property
What banks are doing lines of credit on rentals? Not a cash out refi, but lines of credit. Funds would be used for purchase and rehab costs for BRRRRs and then paid back when the new properties are refinanced. Propert...
Curtis Sharpe
Negotiating a contract strategy?
Hey guys does this make sense or is it dumb Potentially negotiate an equity partnership with the seller of a property. I would try to negotiate a lower selling price with the seller for higher monthly cash flow howeve...
David Cox
Pay off mortgage to increase cash flow
I have a duplex that is cash flowing. I owe 80,000 on said duplex. I would like to fund my first brrrr deal. Duplex is worth between 160-180k.I was thinking about paying off duplex to increase cash flow and then takin...
Rocco Swinney
Cash out refinance - interest deduction impacts?
Hi All! I purchased a condo unit about 8 years ago as a primary residence. I aggressively paid it off (while i lived there) before i made it a rental and have been renting it out for the last few years.
I was interes...
Jesse Moore
IRRRL refinance loan. Any inform on this please.
I'm looking to refinance my home loan any info on this would be great. I'm currently at 3.25% fixed 30yrs. Does anyone know if there is add'l cost to refinance my loan?
Jay Y.
Same lender, go with recourse or non-recourse
I'm tempted to cash out refi a couple houses since the market is so hot right now. I found a lender who has a recourse and a nonrecourse loan available.Recourse - 70% LTV, 6.75% interest, 2.75% origination feeNonreco...
Alfredo O.
Asking Price vs Appraisal
ok, I have to ask a newbie question. How are others selling their homes above the asking price if the appraisal does not come near the offer price?Example:Listed property for 217kMultiple offers came in at a high of ...