Im considering buying in an area with very low property values, say, $50k. I would initially buy in cash, then finance it.
I know some banks will not give a mortgage for something this small.
If this is the case,...
Looking for advice. I have a HELOC that was approved last week and closing on Tuesday. It is a 100%cltv for $79k. I know it is enough to purchase 2-3 investment properties with conventional financing, but not sure if...
Hello,We are looking at a 10 yr HELOC that has an adjustable rate based on the prime rate. It's attractive because there are no upfront fees. However, we are concerned about the future of the prime rate, and may opt ...
Happy Sunday,
I am looking to house hack my first investment property here in Southern California. Anybody have any recommendations on the best institutions to get a HELOC from?
Thanks!
Nick
I am just about to close on the refi on my first traditional BRRRR. I am looking at another one. This one is 3 units and it is REO, been on the market 110 days. If I buy the property with bank financing, rehab it, th...
After buying a property for 40-50k cash, I'd really like to pull some equity out of the property. Has anyone here found a way to do this that would make sense? Right now the most I can think of would be trying to get ...
Hi all,A newbie question here. When a private lender lends out money that comes from their HELOC, they have the cost of interest to lend out that money. Is what they charge normally on top of that cost or inclusive of...
I’m seeking funds for my own property for a ADU or second unit project in South Gate, Ca. Any help or advise on that field will be appreciated so much.
Hi,
We own our home free and clear. We bought our house cash during the down market in 2013 paying only 37k for it. We can easily sell it now for 135k. Leaving us full equity minus selling cost which we would save on...
hi, I'd like to know if it's better to get a primary residence first before a rental so i can make use of the First homebuyer rates. FHA loans, and are the rates lower? If I buy a rental property, will I still be able...