Abdul King
What are Refi requirements(BRRR)
Hey BP, I’m going to use the BRRRR method to buy a multi family property. I’m using 20K cash and hard money. When I go to refi the property after I rehab and rent it, what are the requirements that I need to have refi...
Vanesa Gonzalez
Buying CASH and planning to finance later... good idea?
Hi,I am in the process of buying a SFH cash using my money and the plan is to rehab it, rent it and then ask for financing. First time doing it this way ( I usually buy using conventional loans but this is through a ...
Jason Wang
Does FHA loan count aginst the 4 loans limit that banks enforce?
Does FHA loan get counted in the four loan limit that many banks has? Or does the four loan only count conventional loan and not FHA?Thanks!
Nick Weidner
Owner Finance / Refi
If you owner finance a SFR for a year then refinance it using conventional financing - will you still have to put 20-25% down? Assuming there is equity in the property?
For example seller wants $90k / house i...
Haresh Melwani
Best way to refinance 12 units made up of separate properties
Hi BP Family,What is the best way to refinance 12 units made of 3 duplexes and 2 triplexes that are in 1 city but not near each other? All are currently owned in a single LLC. Would such a portfolio be valued using in...
Laurence T.
Buying and selling the same home, during the same month?
Hi,Me and my wife live in Denver, CO. We pre-purchased a new construction home in October 2017, and it's scheduled to be completed by April 2018. Me and my wife have changed our minds on the home as it's a little far ...
Chris Scarcello
Requesting help with the BRRR Process...please
We recently acquired a fixer upper by buying it 'subject to.' It has been cash flowing $495/mo for the past six months. Its time for a cash out refi. The lender tells me the title of the house needs to be in my per...
Ben Davis
Alternate Way to Househack?
My wife and I were working on getting pre-approved for a loan on a fixer upper house to "househack". During the process, I got layed off from my job as an apprentice electrician in the union. Until I get back to work,...
Monica Davies
Okay you creative financers...
I just discovered the fine print on owning my property in an LLC... you can't do a cash out re-fi through FHA. At least in my state. I have about 20% equity - about $110,000 in my 4 Plex, which I have in an FHA loan.
...
Jordan B.
Non-FHA 3% Down! Anyone heard of this?
Hello Everyone,I was just offered a conventional 30 year fixed mortgage with 3% down at a 5.25% interest rate and NO PMI? This seems like an amazing deal and maybe too good to be true, has anyone ever heard of somethi...