I'm trying to understand the Fannie Mae (FNMA) cash out refinance limitations. Is it that you can only do it 4 times, or you can only have a total of 4 FNMA loans before they won't do it?So for example, let's say I h...
Hi,I am close to Huntsville and I have done house hack twice on which I have mortgages so I am good there..but two of the houses I paid cash out and fixed it and have rented it. Since it is more than one year I own th...
I am looking to move in the next year or so and purchase a new home in the area.Should I sell my current townhome? Here are the numbers:Current Estimated Value: $640,000 Current Mortgage Rate & Balance: 3.25% &...
So, I'm looking into my options for purchasing a rental. When it comes to financing I don't know if I should pick a 20 year mortgage or a 30 year mortgage. Everywhere online and on youtube tells me to get the 30 year ...
I love this forum and I can't say how much I appreciate the comments and sharing of knowledge.
My wife and I are getting close to starting our REI journey. We are pretty sure we know what we want to buy and where. ...
Hi Everyone,
How much cash do you recommend saving in reserve for each of your rentals? How do you divide that reserve? (Ie 6 months of vacancy, X amount for repairs, etc). I'm new to this and currently have 2 ...
So I have been doing a lot of calculations and it seems to me that purchase price is proportionate to rent.
In my area rent is controlled almost entirely by military BAH. It's a plus and a negative but it seems that ...
I am beginning my real estate investing journey and I have about 30k in capital.
Should I use my capital to put a larger down payment on a property to reduce monthly mortgage costs.
OR
Should I put a small amount ...
Hello,
I need help analyzing this deal. I am looking into financing a foreclosure for $18,000. I estimate it needs $15,000 of work and I would like to use a 203K loan (3% down). Comps in the neighborhood have recently...
I’ve been in my home for 6mo now and recently learned that I’m up ~100k in equity. I’d like to invest my equity into a rental property to maximize cash flow and build momentum in starting my own real estate portfolio....