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17 February 2025 | 3 replies
But if you can secure one with solid terms, it could be a great way to access capital while keeping the rental.If you believe in 28277’s continued appreciation (and I do), I’d lean towards holding the rental, increasing rents through strategic upgrades, and leveraging equity via a HELOC or cash-out refinance if the terms make sense.
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27 January 2025 | 3 replies
I've got about $525K in equity in the property, but lenders have told me that I cannot get a HELOC to access that equity for additional purchases because the duplex was financed as an investment - they have said TX law dictates that HELOC can only be used on primary residences.
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12 February 2025 | 4 replies
I have been on BP for a while but my profile is prompting me to do an intro. My name is Josh and I am an electrician. I work a W-2 day job and have my own electrical business. I would like to purchase a 4 unit buildin...
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19 February 2025 | 3 replies
Over 75% of US cities have less than 10K people so the city staff and planning dept are very accessible and are a great free resource to understand zoning and where your vision can fit into their community.
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10 February 2025 | 9 replies
. - The benefits: - Access to deals that might be unattainable individually. - Shared expertise (e.g., one partner brings market knowledge, the other brings financial resources). - Diversification of risk and reward. - Accelerated growth through combined efforts. 2.
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5 February 2025 | 7 replies
I’ve been in the industry for several years, and my work has given me a solid understanding of property systems, maintenance, and what makes a home a great investment.I’m now looking to expand my own real estate journey by learning how to acquire and manage short-term and long-term rental properties.
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15 February 2025 | 2 replies
Hey BP Community,We all love the thrill of acquiring new properties, expanding our portfolios, and watching our net worth grow.
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12 February 2025 | 8 replies
@Jillian Alonge A HELOC provides quick access to equity for your next property but transferring the property to an LLC via quitclaim deed may trigger the due-on-sale clause—check with your lender.
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17 January 2025 | 21 replies
I own properties in Canton right now but I want to expand north up to the Akron market.
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1 February 2025 | 9 replies
Do you work with any specialty tax firms to help us small business owners get access to R&D tax credits, cost segregation and other specialty tax credits?