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I need guidance on how I can cash-out refinance 2 condos in Savannah in buildings where the majority of the condos (4 of 6) are investor units. Are there reasonable brokers who would entertain this situation?
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Is anyone else pissed or bothered about this new refinance tax that is being forced by Freddie Mac and Sallie Mae? So now if you do a cash out refinance or that like using the BRRRR method will now be “TAXED” 50 basi...
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From WSJ.... "Last week, Fannie Mae and Freddie Mac said that they would charge lenders an extra 0.50 percentage point to buy most types of refinancings that they back. That fee is likely to be passed on to homeowner...
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Hi everyone, first post. I've been lurking the BP community for a while and it's been exciting to learn from everyone. Thank you! This question has been asked multiple times in the forums and covered in some articles ...
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Hello Everyone,
I've got a scenario that I cannot seem to get one answer on. Every person I ask has a different opinion.....
-I buy a property for 203k using a 193k hard money loan
-The property is worth (and will ...
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I own a rental property that has a lot of equity in it but the bank tied a summer home onto it and now will not do a cash out refi because the summer home is personal and is not producing any income, I wanted to refi ...
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What do you consider before refinancing your rental property? For example, do you wait until your property is fully rented and showing income? Do you wait for all your expense are stabilized? Wait until the seasoni...
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How does refinancing a property allow investors to pull the cash out that they had originally put into that property?
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I purchased a fourplex under my name as I hadn't set up an LLC. now that I'm trying to cash-out refinance it, I'd like to do it under the LLC but seems like at this time, few banks are underwriting these type of prope...
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Hello all,
Thanks for taking the time.
My wife and I moved into our primary house in Kansas City, MO, in March of 2019. We then had the opportunity in October 2019 to refi our rate down from 4.5% to 3.5% - which we...