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Thoughts on using cash or HELOC for down payment on investment property
7 January 2025 | 1 reply
Hi BP community - I'm an investor with 3 SFHs in the Nashville area looking to acquire my first small multifamily property (2-4 units).I'm trying to determine the best approach for the 25% downpayment, comparing using cash that is currently sitting in a high yield savings account to funds from a HELOC on one of my properties.
Austin Wolff
Does Oklahoma really have the highest insurance in the nation?
11 January 2025 | 15 replies
there are ways to get around the highest and you also need to take into account the savings you will generally have on the purchase side when compared to other regions.
Rachel Thomasson
I need advice as a newbie starting out
15 January 2025 | 5 replies
I'd start by refining your search criteria, researching the surrounding markets, and comparing them to what best fits your needs, etc.
Keegan Darby
Advice needed on selling
11 January 2025 | 7 replies
Properties are sitting on market for a bit longer now that supply is slowly creeping back up. 50 days isn't too terrible compared to the greater PHX area.
John Friendas
Maximum # of DSCR Loans Lenders Will Give?
9 January 2025 | 8 replies
These are business purpose loans so there isn't any sort of red tape when purchasing multiple properties at once or one after another.
Diego Trujillo
Dallas New Construction project
14 January 2025 | 2 replies
Through this journey, I’ve built strong relationships and developed valuable expertise in:Researching micromarkets and identifying comparables, potencial Accurately estimating construction or remodeling costs.Securing fast and reliable financing through partnerships with two top hard money lenders in Texas, offering competitive rates.I’m on this platform to connect with capital partners who are seeking an annual ROI of 12%-15%.
Devon Shives
2nd house hack help!!
9 January 2025 | 2 replies
That was a substantial discount compared to my friends who were paying 2k+.
Jordan Laney
PM signed awful snow contract
19 January 2025 | 7 replies
@Jordan Laney Asking what others pay for snow removal and comparing your yearly spend to past years is not productive.
Patrick Braswell
Home Equity Loan vs. Refi on rental without existing mortgage?
19 January 2025 | 5 replies
Interest rates between a HEL and a refi are comparable, the equity in the property is equal to the value of the property and I only need about 50% to purchase another property.
Wesley Myers
Offering Netflix (or any others) for free??
21 December 2024 | 12 replies
Roku TVs have a built-in guest mode for exactly this purpose.