Michael Eaton-Byrd
Financing My First Property (Philly) - No Proof of Income
I have acquired the property I grew up in, and it requires a lot of work. It’s a really outdated house requiring a full rehab, I am estimating no more than 90K. I am looking for funding to rehab, then to refinance out...
Reinhard Kurzen
What cap rate should I buy multi family at?
Hello, I am looking at buying a 25 unit in Spokane,WA and I am wondering about cap rates. Often times I see sellers saying 8% cap rate (proforma). The property I am looking at needs a lot of work and tenant turnover a...
Tyler Underdahl
Structuring a first deal
Details- he has a property appraised at $356k. He wants to refinance and take out 90% to put down on another house. He has it rented out now on a 2 yr contract. 2 months into the contract. After the refinance with ren...
Jacob Michal
Preventing due on sale clause
So as I get into the journey of learning more about rentals and trying to hold properties instead of only wholesale them. One thing me and a good friend of mine were talking about is how there is a possible downturn (...
Sanise Hass
BRRR in a twist! Confused.
Ok so here it is... My mom has a house. It’s in her name I stay there majority of the time. I wanted to use the BRRR strategy. So can we refinance the home to my name and then use the cash out to finance a new propert...
Connor Macon
BRRR refi after living in property for one year?
Interested if anyone has a view on how a conventional lender would view the following scenario:A family member is looking to purchase a long term investment property where I would live for a year while my own primary ...
Terry Sweeney
Questions about the BRRRR
So I spoke with my lender today and they informed me I had used a majority of my equity from my properties. However, I just renovated two properties in order to have them refinanced to gain more equity for more purcha...
Andreas Wilder
Hard Money Loan - Advice
Looking to understand if Hard Money would be a good fit for the following situation. Have a seller that wants to sell quickly. We worked out a price of $215k on a property that is likely worth $270k based on comps. Mi...
Ryan Mackfee
Cashing out to buy another property
Ok...so now I have three rentals and they cash flow pretty good but i am tapped out on credit and because I paid cash for the last property I dont have any more to buy another property. What Iwant to do is do a cash o...
James P.
My first real estate mistake
I made my first real estate mistake. I purchased a multi-use residential mixed general commercial property with a primary residence conventional mortgage...At first. I thought this was a wise thing. Due to reduced int...