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22 February 2025 | 0 replies
We are saving around 50%+ of our income on a yearly basis, while also putting away for retirement and we would both like to get out from under the mortgage on our primary residence sooner rather than later.After plugging in some of our numbers to a spreadsheet to simulate a first lien HELOC it seems to indicate that we would be able to payoff our primary residence in ~10 years while also paying significantly less in interest from a conventional mortgage.
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21 February 2025 | 4 replies
We absolutely background, credit and eviction check every prospective resident that does not book through an Airbnb-type platform ("OTA").
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23 February 2025 | 1 reply
Investment Info:Single-family residence buy & hold investment.
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20 February 2025 | 7 replies
Quote from @Jokari Trueheart: HI, almost 11 months ago I purchased 3 duplexes and I borrowed the funds from my personal residence which I took out a equity agreement for the down payment on the investment property, great idea at the time because I have 10 years to pay it off and theres no payment requirement, but , I learned more about the consequence that it takes a large chunk of my equity the longer I take to pay it back, so my goal was to refi cash out the investment property to pay it back but I don't think theres enough equity yet to pull the full $106k needed, I only borrowed $88k but with the equity percentage for one year i'm paying about $18k in equity on top of the amount I borrowed if I pay it off in year one, so I need this paid off ASAP before it increases more.
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25 February 2025 | 1 reply
We are told this policy does not covered asbestos abatement.Please note that we do have Ordinance or Law on this policy that will cover up to 2.5% of the Coverage a-Residence.
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27 February 2025 | 3 replies
I was told that for investment properties the down payment is larger than if I were to live in it as my primary residence.
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23 February 2025 | 6 replies
Investment Info:Single-family residence buy & hold investment.
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23 February 2025 | 10 replies
If the LLC and its income are entirely outside California, it typically does not require registration with the California Secretary of State (SOS) or payment of California Franchise Tax Board (FTB) fees, even if you reside in California.
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21 February 2025 | 11 replies
Purchase price: $740,000 Cash invested: $1,300,000 Sale price: $3,850,000 I refer to this project as a new construction house hack, as I secured a primary residence construction loan for a two-family home.
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24 February 2025 | 20 replies
Quote from @Bruce Woodruff: Quote from @Ed Daniels: @Noah Kellar tough to advise without a photo, but I think the consideration about how it would turn out to repair and paint, remove siding to paint wood, or re-side is easy to me as an investor... whatever looks the best for minimum cost.