Hi all, I have been thinking about to cash out a rental property, but not sure how to start. (I am total newbie). The reason is that I want to POSSIBLELY(so I may not buy if no good deal) buy a new rental. Let's say I...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $490,000
Cash invested: $30,000
This was my second house hack and first property in Wa state. I actually never en...
Hi all,
I'm looking to do my first BRRRR this year but am unclear on the cash out refinance aspect. My main concern is that once the property is rehabbed and rent ready, what qualifications do banks require to refina...
I'm considering converting one of my properties from a LTR to a STR whenever the current tenants move out. After running the numbers, the house would be way more profitable as a STR, even despite the city's (Philadelp...
Hi , I want to do a flip on a house can I use fha to close ? If I decide to keep it can I refinance it in 6 month ? What would be the requirement on refinancing to remove the pmi ? Thank you
Hi all. I just started with a local REI club this past week and I am not sure if I am in the right one. Let me explain...
There were about 12-14 people in attendance. The first 20 minutes were people introducing t...
Currently living in a Duplex in Key West, Florida. Purchased on a VA loan, so required to live in the property until I move. Just read up that I can refinance using an IRRRL which would allow me to move out of the pro...
It's nearly unbelievable to me when renters say it's not a good time to buy. I want to ask them if they're trying to tell me it's a good time to rent? Cost of goods and services always trickles down to the consumer.
...
We own a STR business in MO. We have 15 STR with two completely free and clear. I would like advice on which loan product would work best in the situation described below:
We want to use the equity in one of our paid...
My husband and I plan to put a down payment on a rental property we want to buy by getting taking out a HELOC on our personal home residence. The property are currently wanting to pursue is a triplex. Plan is to BRRRR...