Erik D.
Financing a rental by calling it primary residence?
I am having trouble getting a mortgage due to my debt to income ratio. I am looking to purchase my second investment property. I own my first one outright, and I can't even get a cash-out loan. Excellent credit, en...
Jeannine Barcarse
discounted 1 postion notes in FL
I have access to performing 1st position notes in Jacksonville, FL. They have a return of 14%. They cost $38K (on property for $60).
Stephanie Foret
USAA will not finance until repairs are made!?!
Ok so my husband and I are about to purchase our first rental house. We were supposed to close on 06/10/2013. The appraiser gave an after repairs are made price I'm not sure if this makes a difference or not. We just ...
George P.
Just closed on #12 rental
Been working on this one for awhile. wifey and I took a walk in out neighborhood and saw a house with a sign on it. contacted the agent, it happened to be in a redemption period. their price was set at 93k. i used to ...
Pixel Rogue
HELOC @ 2.45%, Investment a4.25%. Use HELOC to pay off Investme
HELOC is 2.49%, where our investment property is at 4.25%. We could use the HELOC to pay off the investment property. Once paid off, we could then move the property into an LLC (albeit requires paying transfer taxes.)...
Tom Dausch
Advice on pulling money out of a property
Hey Yinz, (Pittsburgh Slang)My business partner and I have a property that we are rehabbing and getting ready to rent that we own free and clear. We are considering looking to pull some money out of it for another dea...
Brandon Wright
Purchased First Home/Condo w/FHA loan-How to finance renovation?
Hi BiggerPockets Community,On Tuesday, I recently closed on my first home (condo) using an FHA loan. I put 3.5% down at closing. I had a zero credit score before this purchase (due to Dave Ramsey and being debt-free)....
Curt Bixel
Should I ask for more? Private Lending Rates and current interest environment.
I have been doing private lending in the Ohio area with a house flipper who is experienced, organized, and trustworthy. I see little risk that he will run into significant difficulties with any of his flips. I have...
Account Closed
Buying duplex as first investment
So after careful consideration and weighing out other options, my wife and I have decided to move forward with purchasing a duplex as our first home/investment!
We currently rent an apartment and within the next 8-12...
Jameson Sullivan
Bank denies loan on Cash out Refi. Now what?
So, long story short, I bought my first house to live in for about 130k, put about 70 into it, including 20k for the foundation and it was just appraised at 245k and I was going to get 57k back out in cash. So not pe...