Jakobe Smiff
Refinance commercial multifamily home from residential loan
I recently purchased a 4-plex at $640K, with financing though a residential loan. It was appraised at $647.5K based on the gross monthly rent of $3500 multiplied by the Gross Rental Multiplier of 185. We recently adde...
Stanley Miller
SFH First Time Rental Refinance
Looking for any and all advise.Here's my situation:I own 3 rental properties in TN. All single family homes and each one has a remaining loan balance:LOAN BALANCERental 1: $ 44,000 (30 yr fixed: 5.25 %)Rental 2: ...
Jesseca Lawal
New Member From New Jersey
Hello my name is Jesseca and I am new to Bigger Pockets and Real Estate investing. I am looking to wholesale properties as well as buy and rent in the Union County and Mercer County area. My main focus will be in Eliz...
Richard Beatty
FHA streamline refinance
Hello Guys, So I purchased a property in January of this year. I received a phone call today from the mortgage lender asking if I wanted to refinance with the Fha streamline. He said my rate will go from a 3.75 to 3.3...
Aaron W.
How to determine the sell price of a house
I am curious on how to determine the sell price of a house? I know realtors can pull comps etc but my house is unorthodox the neighborhood in the area my house is built in would build mansion nice houses at the end o...
Shayne Whittington
Need some advice on Property Taxes and Mill Rates
Hello everyone, I seem to have a problem that I didn't take into account when running my numbers on a rental property I just bought. I ran the numbers with the Trulia estimated property taxes for my area. It cash flow...
Ben Arnold
Refi on rental property
I purchased my first rental property last year and renovated it. I am $500 monthly positive cash flow with a mortgage of $600. I would like to refinance but Quicken Loans would not give me a refi. The property is wort...
Guevara M.
Have To Pay Capital Gains
In late 2017 my brother was offered to purchase a house from his wife's family for them to live in for about half of what it was appraised for. He had been renting for a few years so decided to go ahead and purchase i...
Seth Lipper
Question about BRRR & Refinancing
Hi Everyone,I have a few simple questions regarding BRRR and subsequently refinancing that property. I am located in the tri-state area and am looking to grow my portfolio. I currently own one buy and hold three famil...
Account Closed
To sell?
I own along with two family members a small commercial building in downtown Nashville. Lease it to a great little insurance company, it's a very low stress little project.Now this area has blown up recently and proper...