Shanai Inns
How to avoid the 20-30% down payment
Hello Everyone. I'm looking to invest in my next rental property and I would like to avoid depleting my cash. Is there a way to get around putting 20-30% down? The fact that I am looking to buy multifamily properti...
Arthur Garcia
HELOC or Cash Out Refi: opinions?
Hey BP,
Here is my situation, I own a F/C property - value 55-605
I just found a local bank that will give me a HELOC at 4.5% for 10 years at 70% LTV. Another option is to get a portfolio loan with them at 6% for ...
Adey Bilewu
Home Appraisal Advice
Need some Home Appraisal Advice
Currently working through refinance of a home with the same lender that held the mortgage for 7+ years.
When I applied for the refinance, I reviewed the details of the estimates with...
Johnny McKeon
Quoted over 8% interest rate for owner-occupied fannie mae 5% down 4plex
Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of Arizona
My middle FICO credit score is 759
My cur...
Jessica Fish
My Cash Isn’t Liquid
I have about $60K in 401(K) accounts and approximately $100K in equity in my home. I want to invest but I don’t have any liquid cash besides what is in these accounts. I am not against taking money from 401K for real ...
Ilya G.
Using cross-collateralization as a method of down payment
Hello,I have several SFRs that have lots of equity in them and I wondering if anyone used a method of cross-collateralization to pledge the equity as collateral, thus avoiding doing a cash-out refinance or HELOC. It s...
Felicia Otoo
Best refinancing loan
I am new to real estate investing and currently own 2 condos and a three family home. I’m looking to scale my business and trying to figure out the best way to do this.Both condos were purchased in the last couple yea...
Catherine Ding
Delayed financing - all cash offer then refi immediately?
Hi BP!Has anyone offered all cash then immediately refinanced to get the cash out? I am planning on doing all cash on an offer to make it more competitive and then getting a mortgage immediately after, but I was advis...
Sarah Purdum
How soon after closing escrow can you get a cashout refi?
Hi guys! A little about me, I have been lurking around BP for about a year, listening to the podcasts and reading blog posts. I saved up some money over the last couple years and just put an offer for 25% down on an...
Tyler Austin
FHA loan Downpayment for Duplex in Dallas - first time
Hello yall,I'm moving with my girlfriend and her son to Dallas (where I'm from) from Long Island, NY mid-October. I want to buy a duplex as an investment using an FHA first time homebuyer loan. My plan is to rent out ...