Thomas Lowe
Mortgage approval issue
So I’m trying to get approved for a conventional loan for an investment property. My wife and I have a joint bank account, And she also has her own personal account. I’m trying to transfer money from my wife’s persona...
Josue Espinosa
Financing guidance for duplex down payment
Hello BP friends,Looking for suggestions for getting 20% down payment for a duplex that produces $3600/month...both sides are rented already. I think sellers will settle for $450k and have found a few options for fina...
Sue Benzuly
Cash-Out Refi Rhode Island
Have equity that I would like to pull out of my rental property. Quotes rates of 6.76-7.25.
The lower rates are ARM and will give me 80% LTV. The higher rate is conventional at 70% LTV, estimated closing costs arou...
Ryan Bonhardt
How do appraisers value a property? And how to value a property before and after reno
We are looking for advice on an off-market lake property on Lake Wylie with a deck. The property when finished is around 7 bed and 5 bath with 2 extra rooms (sunroom, library, game room options) and ~5k sq ft. However...
Mario Richardson
HELOC Combined With Hard Money To BRRR or Flip
Hello Great PeopleThoughts around utilizing HELOC as down payment for hard money loan to BRRRR/flip. I understand i will have to show reserves for the hard money. Looking for advice from people that have executed this...
Katherine Pirkle
I have a rental w/33k equity. Refinance to pay 20k credit debt?
I am just getting started in reale estate. I have a primary residence and a rental property (33k equity two years after purchase). Unfortunately, I have 20k in credit card debt. Should I refinance to take out cash to...
Matthew Dekker
First Rental Property Purchase with a Twist - Financing
Hey everyone, my business partner and I are trying to get our foot in the door with our first rental property. The single-family home we are looking at purchasing is currently owned by my business partner's father. ...
Brian Ashby
Residential or Commercial appraisal for small multifamily?
I have brrrr'd two duplexes from full gut renovation to above rental grade finish apartments. We have received unfavorable commercial appraisals on the refinance compared to what similar properties are selling fo...
John Santos
How do I buy my next property?
I have a unique situation of home equity I have built and am not sure how to make best use of the same to buy more properties. Here is the situation:
I own following 3 properties:
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Vincent Egan
Is a Cash Out Refinance the same thing as Delayed Financing?
Hello,It's been a while since I've posted and this may be a dumb question but I wanted some clarity on this topic.I know a cash out refinance is a way to pull out built up equity in your home and I know that delayed f...