Richard Pastor
getting a HELOC on investment property the Refi into DSCR
17 November 2024 | 10 replies
I will also have about 450k in equity.
DeAnna McKillop-Lopez
LLc’s and irrevocable trusts
18 November 2024 | 9 replies
Unless you have millions in equity, I wouldn't even recommend considering it.
Marshall Smith
Loan type for 4 plex purchase and rehab???
13 November 2024 | 13 replies
4-Plex details: -currently occupied-estimated sale price 265k-ARV 400k, and 4k/mth in rentBackground on me: -I have an LLC-I own 4 single family rentals-each has around 70k + in equity-all cash flow well -credit is 800+ with adequate income.
Jesse Jones-Smith
Advice on keeping expensive house as rental and downsizing
16 November 2024 | 12 replies
So being conservative we would say you gain $46k in equity ($1.15m times 4%) plus cash flow (which I would argue is basically nothing after vacancy, repairs, capex) plus principle portion of debt pay down (you’ll have to look at your statements and figure this out).
Bryce Cover
Analyzing the Impact of Selling vs. Renting My Property
15 November 2024 | 2 replies
Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.
Steven May
RV & Boat Storage Facility Purchase
12 November 2024 | 1 reply
It appraised for 115k more than I bought it for so already have six figures in equity - will increase outdoor parking and raise rents over time.
Jared Smith
Should we keep our home as a rental
14 November 2024 | 25 replies
If you gain $50,000 in equity you could leverage that upwards in further investments.
Robert Frazier
Value add opportunities under new Boise Zoning code create cashflow opportunities.
19 November 2024 | 13 replies
I grew up going to a camp there every summer.Boise has a lot to offer in terms of rental market, especially in equity growth.
Greg Hammond
Should I sell my rental property or let it ride?
11 November 2024 | 6 replies
The property negative cash flows 400 dollars a month (not counting unexpected repairs), but I gain about $15K in equity each year paying down the mortgage.
Brandon Brock
Eddie Speed Note School
7 December 2024 | 150 replies
Some worked out and some didn't be a friend and I invested about 100k toal in equity and 60k in debt (mostly to fund rehabs) The rehabs were more expensive then we expected but that was mostly driven by a few vacant properties we bought.