Brad Kanouse
IRA funds as down payment
22 January 2025 | 21 replies
And the Solo-K would enable you to borrow $50K from the retirement balance to use as you please.
Sean Barnebey
Exploring a Seller-Financed Motel/RV Park Investment Opportunity – Advice Needed!
2 January 2025 | 4 replies
Of course it is always a balance between rate and occupancy.I probably will never do it , but often dreamed at one time about buying a small hotel.
Anthony Poulin
Starting a Long Term REI Business Starts Today! Lets go!!
22 January 2025 | 8 replies
This is the BEST $100 you will ever spend, and if you listen to Amanda Han's tax book, you'll know it's also likely a business expense for you to write off :) https://biggerpockets.supercast.com/My perfect way to learn from the BP books is to listen to the audio book through the subscription above, then books that really stand out to me I go old school and get the physical copy so that I can re-read it, take notes in the margins, and put post it notes so key points are easier for me to re-reference in the future.
Tyler Kesling
HELOC / Lease to Own
13 January 2025 | 2 replies
Use your HELOC to purchase the duplex outright for $118K.Your brother’s $50K down payment can immediately go toward reducing your HELOC balance, leaving a remaining balance of $68K.Create a formal lease-to-own agreement with your brother.
Daniel Hartz
Trying to refi out of a bridge loan on a SFR with tenant
15 January 2025 | 10 replies
The balance on my bridge loan is $120,000.
Cole Starin
Considering Property Sale
24 January 2025 | 5 replies
I've learned that it's extremely important to find balance in this industry as your passion for your business can impact your personal life greatly!
Dena Sommers
Partial Owner Financing Question
15 January 2025 | 2 replies
I have a 2.5% interest rate on the balance of the mortgage.
Dillon Clark
New investor on a mission
24 January 2025 | 6 replies
Also, don’t stress about making your first deal perfect.
Jared Haxton
Setting Up and Marketing 4.25% Seller Finance Deal
17 January 2025 | 7 replies
I’d love your input on whether this deal could appeal to investors and how best to structure it.Property Details:Worth: ~$300,000HOA: $273/month, Taxes/Insurance: ~$170/monthCurrent Rent: $1,880/month (long-term); next tenant advertised at $1,950/month.Mid-term rental potential: ~$2,400/month (I haven’t tried this, but it’s my estimate).My Financing Idea:Large down payment: ~$125,000 (This is my priority to reinvest elsewhere).Seller-financed balance: ~$175,000 at 4.25% for 30 years.Buyers take over taxes, insurance, and HOA.Questions:1.
Benjamin Carver
Raleigh-Durham 2025 Real Estate Market Outlook
24 January 2025 | 1 reply
Months' supply, a key market balance indicator, is expected to improve from a 3.7 month average in 2024 to 4.1 months in 2025.