Syreeta McDonald
Pay off bad credit card debt before applying for a CASH REFI on a Rental?
Hello Friends,I own a rental property free and clear worth about 270,000. I would like to do a cash refi to purchase more real estate. FICO score is in the high 600's. I have a credit card company offering me 50% off ...
Coryn Mock
Getting Started with Short-Term and Qualifying
Hello everyone.I am an avid podcast listener, and I am really anxious to get started with investing. My main interest is short-term rentals/airbnb. I just literally do not know where to start! We live in South Florida...
Grace Ng
Question for Maryland real estate professionals
After being part of a national company, I am at crossroads because I can't sell my own properties. I called several real estate brokers and to my surprise I was told by one of them that in Maryland, the E&O does n...
Angela Mast
5/1 ARM Refinance (and sell the property within 5 years)
Has anyone refinanced a 30 year fixed mortgage into a 5/1 ARM? I'm thinking about doing this to significantly lower my payments for the short term. With a 5/1 ARM, the rate is fixed for 5 years (60 payments) and then ...
Thomas Watson
1st Position Foreclosure
What happens when you own a first position note that has an unpaid balance of 9K and there is a 2nd position for 40k and 3rd for 80K? Is the 1st position considered the senior lien if you file foreclosure? The home is...
Wendy Vigeant
What is the best calculator for a STR?
We have the opportunity to buyout our Aunt's beach house. We want to rent it out VRBO and AirBNB. How can we see if it a good investment?
Donald Wayne Hayes
house hacking, first time buyer
I've started the process of running the numbers on multifamily properties in my area for my first house hack. Since i will be doing a FHA load with 3.5% down i noticed most of the time the coc returns are negative wit...
Justin Mespelt
Strategy with HELOC for down payment
TLDR: when using a primary residence HELOC as a down payment on an investment property, you are effectively financing the entire purchase. How can you ever cash flow at 100% DTV?
Longer story: my wife and I recently ...
Adam Kuhn
First Duplex Deal Analysis
Looking to get any feedback on my first duplex deal. It is not a huge cash cow but property is in great condition and in an easy to rent area and hot market. Purchase - $259,900, 25% down (roughly $65,000), 4.375% ra...
Account Closed
Looking for lender recommendations
Hi BP, I have my first deal under contract and now have run into some issues with my current lender. He hasn't been able to communicate clearly what the loan requirements are and I'm afraid to be left stranded. I've f...