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11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.
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20 January 2025 | 14 replies
Run the numbers on a basket of deals you're looking at.
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16 January 2025 | 12 replies
I'll keep thinking on these questions!
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14 January 2025 | 11 replies
I’ve been a serial house hacker in the greater Boston area so happy to connect and share some lessons learned.Multifams inventories are quite low depending on your budget and location preferences.
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6 January 2025 | 13 replies
I'm with Dan on this one. 1.
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6 January 2025 | 7 replies
out of state is more difficult than advertised. do you already own a primary residence?
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9 January 2025 | 16 replies
If one is in Canada, they would have to use Canadian QuickBooks version, and so on.
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22 January 2025 | 203 replies
That's the reality I and my "troops" see from the "front-line" every day.
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12 January 2025 | 8 replies
https://www.biggerpockets.com/forums/93/topics/1224328-new-l...here is a thread I just did on Oregons new law that takes effect July 1 2025.
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13 January 2025 | 0 replies
Bank Credit Line How did you add value to the deal?