Brian Smith
Refinance after writing Land Contract
I may be able to sell a house on land contract. Has anyone gone to the bank and refinanced the existing mortgage after the land contract is in place? If so how does the bank view the land contract? I would have to ...
Moshe Streicher
all cash vs mortgage
hi,im currently looking at a 2 family home,can buy it at 100k with value add opportunity of putting in around 15k and bring the value up to 150k.Question is do i put in the 100k in cash,do my add on and the get a mort...
Ryan Koziol
Acquired 1-bedroom rental property generating 30%+ cash-on-cash return
Investment Info:
Condo buy & hold investment.
Acquired 1-bedroom rental property, generating 30%+ cash-on-cash return. Currently appraising for more than double the price I purchased.
What made ...
Mike Hansen
Line of Credit for rental property
It appears there are less banks/lenders out there doing lines of credits on a rental property vs primary home. What banks or lenders are other investors using to access some of their equity? Not looking to cash out re...
Account Closed
Financing in Norway
Hello Norwegian BPers,I need to do a refinancing of my two apartments and preferably a loan consolidation:apartment no.1 (selveier) is purchased for 2.560.000NOK, buy and hold rental apprised to 3.100.000NOK, my loan ...
Larry Perez
Refinance and HELOC combo
Hi all,I currently have 2 investment properties, a house and condo. House: I purchase the house for 145K 4years ago with little down on a 30yr @ 4.25% Note FHA. After moving away for a job transfer I started renting t...
Nick Ragucci
What to do with a rental
I am in an interesting situation where I am in need of money to finish renovations on my primary residence. We got hit with some surprise costs that I can’t afford. Option 1 - Cash out Refi Rental ProtertyOption 2 - S...
Gonzalo Ambriz
Replacing Chimney with Bathroom: Seeking Contractor Referrals and Tips on Appraisals
Hey BP community,
I recently purchased a SFR property in the Piedmont Triad area of North Carolina where I plan to replace the first-floor chimney with a bathroom (toilet, sink, vanity, stand-up shower). The new bath...
Isabel Yang
Combining condos into an apartment
I own 7 residential condos as part of a mix use property with 11 condominiums. There are 7 residential units and 4 commercial units on this property. I own all the residential units. The water and sewer are shared. ...
Michelle Meyer
My first investment home
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $420,000
Cash invested: $83,000
I bought this house as my home, moving from my 1st home after refinancing to put do...