Andrew T.
Cash Out Refinance Questions
I'm curious about the best way to make the equity in my Toronto rental property more productive. My mortgage term is coming up in April and instead of a straight renewal, I was considering a refinance. My goal is to f...
Roy Vereen
Underwater rental property
Hello BP,I have had a rental property for the past 5 years. The property value is underwater due to the second mortgage on the property. I purchased the property as a primary back in 2008 with a 80/20 mortgage. I h...
Paul D.
Financing an improvement to a property
Hello,I have a single family rental, the city will allow me to build a detached garage with an apartment above it and convert the property to a 2 family. The property has a 250k mortgage (4% Apr). and is worth around...
Chris Reyes
Question on Turning a Duplex into an LLC
Hello Everyone,I am currently under contract for a duplex between my father and I. My question is, after closing, is it possible to put the duplex into an LLC. I want to ensure that both my fathers assets and mine are...
Daniel Smith
Cash-Out Refi vs. Delayed Financing: Can't decide!
I can't decide whether it's worth it to immediately do a Delayed Financing cash-out upon completion of rehab, or whether to wait 6 months and do a regular, cash-out refi. If I'm reading the eligibility matrix correctl...
James R. Copeland
Balloon payments in commercial lending (ticking time bomb?)
So I would LOVE to eventually get into Commercial Real Estate, especially apartments, but realize the commercial loan world is much different from SFR's. The part that keeps sticking out to me is the concept of a "bal...
Chris Wallace
Advice, Commercial RE, sell or cash out to buy another property
I'm Trying to give a complete picture so I can tap into this great resource of BP. I own a commercial property, no mortgage. Two appraisals 3 years ago $1.8MM. Raleigh NC, so unlikely to have gone downRent $10,400/m...
Jackie F.
Refi Primary Mortgage - Closing Cost Are High
Hi BP,
I would like to refi my primary residence which has an 70% LTV. I want to lower my rate on a 30 yr fixed. I don't want to cash out. So far, all estimates have me paying 2-3% closing cost.
What gives? I th...
Kenneth Gore
Habitual House Hacker
Has anyone house hacked repeatedly and continuously got 3% 5%-10% down year after year? Duplex? triplex? How many times did you do it? What were your obstacles?
Steven Dzuris
Multifamily financing with a partner
I am a new investor and have been following bigger pockets for about a year. I now feel confident with the underwriting after doing 100’s of practice listings but confused on the financing. My scope is c+ single famil...