All Forum Posts by: Yolanda Estrada

@ Shaun Weeks

Thank you for the loan comparisons yes that was very helpful. My fico score is higher than that so I should get a pretty good rate. You enjoy your weekend as well!

@ Andreas Mirza

Oh, ok I see. Thank you for the advice. I've already started. :)

@ Paul Timmins

Thank you for laying the foundation for me! I'm listening to the podcasts and have already read BP Ultimate Beginner's Guide. I'm now on Real Estate Rewind, it's so helpful to read the experiences of others and learn how to improve on certain things. Thank you again for taking the time and for being so helpful.

@Favia Vitan

Thank you for welcoming me all the way from the Philippines!

@ Kristopher Raepple, Thank you that's what I was thinking!

@Tommy Oan, The house appraised for 134,000 and we currently owe 119,000

Hello BP Forum,

My husband and I are new homeowners and new Investors as well. We purchased our first home a year ago but didn't have the 20% down payment because we wanted to pay off my student loan immediately among other things and are currently paying mortgage insurance (PMI) as a result.

We would like to make our first investor purchase this year but I wanted to know what is best. Should we do a Streamline Refinance on our home since the interest rate is much lower that the 4.125 fixed rate we initially took, take the $15,000 equity from our home and put it towards the 20% down payment to get rid of the PMI and have a lesser monthly payment or use that $15,000 towards the purchase of our first investor property? I was thinking to refinance anyway and leave the $15,000 equity as a down payment for the investor property but would love to hear your suggestions!

Yishi, 

Nice to meet you as well and thank you for the suggestions! I will definitely be getting in touch with you.

Hello Everyone 

I am very new to Bigger Pockets. I have listened to a few podcasts and this is my first time writing in the forum. I am in Tucson, AZ and would like to purchase my first Real Estate Investment Property sometime this year focusing on Single Family Rentals. As a newbie, is there any advice that the community would like to share with me?