
19 July 2018 | 6 replies
In short, goals:1) pay off $25k credit cards balance2) get some reserves around $10-15k(for materials) to finish renovation primary3) if anything left, maybe get some cash for down payment for another rental property So I am trying to choose between Cash Out refi vs HELOCI found two local banks that offer HELOCS on investment property. 70%LTV prime+2%(2.25%), got to pay $500-1500 closing fees.Same banks offer cash out refi for rental properties: 75%LTV, 5.5-6% 30 year fixed, 3000-4500 closing feesSeems like, if I go refi I can pull out around $83k ($105k(new loan) - $18k(current mortgage) - $4k(closing fee)=$83k $83k - $25k(credit cards) - $15k(to finish rehab) = $43k (for next investment).I am still researching and shopping around for other options, but refi seems to be a better option for right now.

28 July 2018 | 14 replies
In terms of #2, is there no tax consequences because the transfer is being made in a way that doesn't materially change ownership of the underlying property (it's 50/50 owned by two people and transferred to an LLC that is 50/50 owned by the same two people)?

19 July 2018 | 2 replies
Our MLS syndicates with about every online site--sometimes I'll list a property, and within 10 seconds of the final 'enter' button hit, I'll get an email from Zillow.Social media, IMO is more for self-promotion rather than promoting a specific listing.Lastly, if the property is priced right, you won't have to worry about marketing it for long.

29 August 2018 | 28 replies
I keep all my tools and extra materials in whichever unit I'm working on currently.

21 July 2018 | 9 replies
I do most of my own work, so If I buy a house that needs new paint and roof, I'd be paying less than half of the repair cost just in material... and keep what I would pay a contractor... or pay a seller because they just paid a contractor.

7 August 2018 | 12 replies
Most of the time you can just kill it with bleach(non-porous surfaces) or throw it away (porous material like drywall).

22 July 2018 | 25 replies
For marketing material, I've found most caps rates bogus.
22 July 2018 | 4 replies
@Lyne Rio Yes, I've worked with a number of authors on book promotion over the years.

23 July 2018 | 18 replies
Do you have any suggestions for reading material?

9 June 2018 | 4 replies
If you're using Fidelity to purchase stocks they have thousands of hours of learning material.