Today I am looking to do 30-year conventional cash-out refinance on my 6th property after rehab. My broker told me that they updated policy lately on rental property
-- 70% LTV (was 75%)
-- Can't do any loan if owne...
hello Team, Any banks willing to take second lien on the property lending 24%? we are possibly thinking of bridge loan (interest only payments for the next 2 years). Any creative finance ideas would be appreciated!Thanks
Hello,I have purchased a townhome with cash, free n clear. It’s a new construction from builder. I need to finance it now (to pay back the money I used for it). Is this also a cash out refinancing? Do I have to wait ...
Setting aside attending REIA meetings and other local networking, which is great for people in the area, do you guys feel good about pulling a list of local cash buyers (via listsource, title co. etc), looking up thei...
Help me analyze this deal and make sure I’m not missing something.Backstory: I’m currently purchasing two duplexes from this same investor via owner finance. Currently 3 years into the deal without a hiccup or any iss...
Hi All, I have a 1 bedroom 1 bath condo that I bought late December 2004 for $205k in San Diego. I took out a zero down 80/20 loan. The 80% was a 5-1 ARM and the 20% a HELOC.I lived in the property for 5.5 years and...
Hi all,I just had an accepted offer on my second BRRRR in STL. I’ve been hearing rumors that many banks will not give out cash out refi’s at six months? Is there any truth to this?Thanks,Kyle
I’m currently refinancing my house from a VA loan at 2.75 to a Conventional at 2.865. The reason I’m even doing this is because I have enough equity to get into a Conventional with 20% equity and no PMI. I have about ...
Cash Flow Your Way to Early Retirement! This is the Boise-based engineer and aspiring retiree’s perspective. It includes the "golden nuggets" Shane Trapp picked up along the way, and went on to share with Avid Inves...
Hi all! tdlr: I have a unique opportunity here of not paying a down payment or closing cost and not sure if I should take advantage of this and buy a more expensive property or settle for a cheaper property. My ultima...