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...
Joseph Gray
Cash Out Refinance Options
Recently purchased a home for $85K Cash and have put about $13K into it for a total investment of $97K.It should appraise for around $130K.I would like to hang on to the property and rent it but need to recoup my inve...
Gary Burnham Jr.
Lender wont let me Cash out Refinance with 6 financed properties
please help me get to the bottom of this. I currently have 6 financed rental properties. 1 is owner occupied. I am trying to do a cash out refi on the 2 most recent purchases to get the cash out I spent to fix them ...
Vivek Shah
Using Turnkey Companies
Hello everyone, I'm new to the REI world and also BP. I had a question about Turnkey companies. Do they allow you to finance it through a broker or do they want cash up front usually? One of my family members told me ...
Christopher Attaway
Realtors in Little Rock Area
For realtors in the Little Rock area, are houses appraising generously there?
Dannielle Givens
Does the location of the house on the lot affect home prices?
Hey BP Chicago Fam, my husband and I are currently looking for a home to house hack that will be cash flow positive at least by year 2 of us living there (we expect to relocate back to Florida in year 2 or 3). We foun...
Jinglei Cui
Is modular house a cheaper way to build Single Family House?
Recently a Modular house builder approached me and introduced me the concept of Modular house. They claim that their building method will save 20% of the price and 30% of the building time, a single family house can b...
Luke Slapa
Banks won't approve me for a Cashout REFI!!!
I recently purchased a rental property for cash with a short term unsecured loan because it was such a good deal(numbers below). I figured since I owned 100% equity in the house and I am only seeking 65% LTV I would h...
Zackary Ottman
Setting up for success...What's next?
What's up BP community? Currently under contract on my first property and things are looking good so far. Two family house hack. Not a lot of monthly cash flow, but finishing attic space for add. BR will help. Found s...
Chris Sukala
Refi quicker then 6 months.
So what quick mortgage spreadsheet do people use to write one from their company to themselves?
I have heard that your company can write a mortgage to you, then you have the cash to buy a property. The turn around ti...