Mike S.
BRRR question for refi
Going through the refinance part on 2 properties. Their is a form requested by the underwriters requesting "Reason for cash out refinance." What would you put down? Recapture rehab costs? More money to buy more pro...
Sam Elder
Harvesting equity in this market
I am curious as to how folks are thinking these days with regard to harvesting equity in rental properties? Cash out refinance? Sell? An example may help: single family home bought for 80k with 58k mortgage balance le...
Michael Geary
Need advice for purchasing first property
Hi!Just did a cash out refinance and got about 290k. I was thinking about buying a couple properties using the 290 for down payments but someone said I should just buy one property cash. Thoughts??
Redgy Saint-Germain
Is it better to get a HELOC after your refinance from an FHA ?
Hey guys, I have a property with a 30 year FHA that I am trying to refi to a 15 year conventional. My monthly payment will increase another 600/month but I would build about 15k/year equity as opposed to 4k/year. I ...
Ellie Narie
How do you refinance a loan from a family member into a mortgage?
Let's say that you want to buy land and build a fourplex, however, you are newly self employed, and you won't qualify for mortgage loans for another 2 years, since banks need a 2 year tax return history. However, a fr...
Tyler J.
Buy a house, fix it up, refinance loan for what its worth after?
Is it possible to do this?
Example- Buy a house for $40k. Cost 10k to fix it up, then house appraises for $90k. If you put down 20% on the original loan, then you have a loan amount for $30k on a house worth $90k. Ca...
John Lee
Can i purchase in cash refinance in my name then transfer to llc?
I'm purchasing a property off roofstock so there is a tenant in place. Can i refinance in my name then transfer title to llc?
Tina Lai
I just bought a 6 units apartment for BRRRR. How do I refinance ?
Purchase 6 units in Riverside Calif, end of June 2018 bought below appraised valued, rent is stable in the process of renovations. Purchase price $634k & appraised value $790k, does anyone know any banks or mortga...
Edgar Joshua
Hi I am looking to refinance my home it was a owner finance.
I was trying to refinance my home that was owner financed we almost had it done through Quicken Loans but there was a problem trying to verify the on-time payments I paid on time for the last four years but because ...
Brett Kent
Four-plex as primary residence, rolling refinance into LLC to vacate post-closing??
I recently purchased a four-plex in Sept 2014 using my VA loan benefit, and am in the middle of refinancing it under the IRRL offer to reduce the rate. Last week, taking suggestions via the Podcast, I formed a LLC las...