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Hello BP, I have a headache from trying to figure this out. So last year mid summer I sold one of my town homes, it was fully paid off so I ended up getting some cash around 95k. The money sat in my bank for a while (...
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Hello Everyone,
I hoping to get a little bit of clarity on delayed financing. I currently have a HELOC on my primary and will those funds to pay cash on a home. Afterwards, I want to do delayed financing, but I hav...
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Am I correct to understand that a bank or credit union will not negotiate their current set mortgage rates for a small time rental property purchaser? I do believe some banks may have slightly different rates. Do ba...
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Hello all!We are closing on a new duplex at the end of this month, and one of the units is currently occupied. The tenants there are on a month to month lease and are paying a couple of hundred dollars below market r...
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I'm looking for a cash out refinancing for a 2 family. Property is valued at around $550K to $600K. I bought it for $450K about 3 months ago and renovated it. I have a high credit score. I'm looking for an 80% LTV cas...
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Background - there are a couple companies out there who provide special insurance for no security deposit. One is called "Zero Deposit" based in Europe, another is Rhino. In essence, tenants don't pay a security dep...
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I am currently looking to access the equity ($50k) in my duplex. I have talked with a few banks and my options are:
1. Refinance at 4%, 20yrs fixed with a HELOC up to 80% LTV with a 4.5% rate
2. Cash-out refinance 4...
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About a year ago I bought my first four family with an owner occupied loan. I would like to buy another four family soon with a fixed rate 30 year loan, but was informed I could only buy up to a three with an owner o...
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Hey everybody! Got a question out of the American Southwest concerning tenant screening.Skipping over the entire sad story about my roommate saying he wanted the place and backing out at the last minute (two roommates...
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Hello, I am new to this group and real estate. I have been looking to get into real estate for about a year now, but not until recently I was able to gain some capital of about $20,000. What can I do to start BRRRing ...