David Lewis
Advice for cash out refi...Holding money.
My primary residence is valued around 375k and I have a balance of 181k. We are considering pulling cash out to buy an investment property if and when the market turns. We can afford the new debt on the loan. Just ...
Sydnie E.
Short Sale Deal?
Hello BP,
I interested in purchasing a home currently listed as a short sale. The home is on the market for 295,000. Based on Redfin the current value of the home is 394,000. This is my first deal and I'm won...
David Sun
How to do cashout refinancing without substantial reservers?
Guys,I have quite a few properties and each of them has enough equity to do cash out refinancing. However, my cash in-hand cannot cover the 6 month reserve, which is required even for cash out financing, as some loan...
Anthony Jones
How to manage taxes on first rental
I was approved to buy a second house to live in so that I can rent out where I currently live. I am going to try and rent the house I currently live in for $1700 a month and my monthly payment is $1321. I am new and t...
James Elden
Getting a mortgage on a cheap house that is paid off?
I've never bought a house before with cash so I'm a bit unfamiliar with this but I've been doing some research, basically I would be buying a cheap investment property for $40k or less with cash but my understanding i...
Kevin Compateso
What is the best loan for major structural repairs on a Duplex?
I inherited a duplex in Portage, IN from my father. He's had the rental property for about 30 years and does not have any home or equity mortgages, or mics. loans on the property and is free an clear. Unfortunately, i...
Corby Goade
BRRRR Cash Out Questions
I posted this question in the financing forum, but have had no replies, so trying again!I recently bought a duplex with cash from my HELOC, and am looking to cash out the property to pay off my HELOC and do it all ove...
Lee Nguyen
Does this Count?-
Let me know what you guys thinks of this.Back in early 2014, I got orders to report to submarine homeported in Washington. At the time I was living in upstate NY and knew that I no longer wanted to rent. I start my pr...
Luke Carl
Hungry for my next deal.... Does this option make sense?
I've purchased 2 rentals this year (one SFR one vacation). Looking for ways to get my 3rd. I can find deals that will cash flow 600-800 per month.I can take a loan out on my 401K at 4.5% and a HELOC at 4.5% and those ...
Ari Newman
Help keeping a family member in her home
Hi,I'm hoping someone can share some creative financing ideas to help keep a family member in her home. She currently owns that home free & clear, and it's worth aprox. $200K. Since it's a 2nd home that's used 4...