All Forum Posts by: Dave Bhat

I am in the process of refinancing the first mortgage to lower my interest rate and waive the PMI. This lender does not carry HELOC product. Since I have enough equity in the house I 'd like to have HELOC to buy investment properties and refinance later. and repeat...

Hello all. I am in the process of refinancing my primary residence through online lender. Just wondering if anyone knows good Home Equity Line of Credit (HELOC) lender in Baltimore area.

thanks all for the advice.

Hello all. My name is David from Baltimore, Towson. I work full time at one of the hospital. I bought my first house in great neighborhood few months ago at Auction with built in equity. it's worth over half million. I am getting my feet wet into rental properties with BRRR Strategy in couple of months with capital I have saved up. I am looking forward to soaking up all the knowledge this site has to offer. Thanks!

PS: I am looking for property manager who could help me create a lease. My house is SFR 4000 sq ft living space,it has two units, sort of duplex two kitchens, two heat pumps, seprate entrance. I m trying to rent out main side of the house 3bed 2 bath renting for $2049. I get 4 to 5 leads everyday but had no experience how to handle it. One prospect tenant completed the application and I m reviewing it right now. Anybody knows, where do I find property manager or attorney who could help me create a lease.

I m in the process of refinancing my 1st house which I purchased 5 months ago. I was in your situation and did a little bit of research. So if you are in Maryland, there are quite a few local banks they d refinance as soon as your deed is transferred. As long as you have equity in your house you can cash out upto 80% LTV current prime rate. Some would require you to wait 6 months or even a year. Pm me if you need loan officers contact info. I have a decent equity in my house so I am in the process of cash out refinance with NO closing cost. APR was 4.2% when I bought a house and after ref new APR would be 3.62%. Good luck with refinance.