Say I purchase a SFH with conventional financing and rehab it and it cash flows. 3 months later I want to cash out refi and use the cash as a down payment to build a home. Does the bank look at the mortgage on the inv...
I have a rental I'm planning to sell in a few months and I'm thinking of doing a 1031 exchange. Couple of questions.1) The purchase price was $165k and I had a $132k loan, approx $126k left on the loan. Recent comps a...
Hey BP Family,Can a regular bank loan be used to buy RE in cash or is that frowned upon?Thanks,Lisa
Hi All,What should I be looking at when deciding between refi with cash out versus applying for home equity loan to use the fund for real estate investment?Thanks,SergeK2
Looking for advice on financing my first rental property. I have a significant amount of equity in my primary residence. Am I better off doing a cash out refinance on my primary home or a HELOC?
Mortgage details:
Ap...
@Jay Hinrichs once asked what is going to drive the next round of RE correction since there is no sub-prime this time...I would say this time, it is the political uncertainty, sudden shortage of cash, and sudden disap...
Hey BP - Soooooo stoked to say that I just had an offer accepted on a 3-unit home this morning. The 3-units are so important to my wife and I in that, 1) it puts us past the goal we set for ourselves on Jan. 1 this ye...
Hello everyone,I am relatively new to investing and looking to purchase first property. I live in the greater New York City area and found a condo that I am interested in that is in New Jersey, just a short drive awa...
Hi, everyone! I am stressing out as I seem to have gotten myself into a pickle with my cash all tied up! I do believe there is a solution so I am asking for some seasoned advice. Here is my current situation:
My port...
I'm having trouble understanding my next steps as an investor. I'm closing on my very first rental property at the end of the week and have been bitten by the bug, BAD. I'm already hunting for another deal but am not ...