Ethan Gallant
Beginner looking to BRRRR in Canada
24 January 2025 | 5 replies
Heya Ethan.I've completed 7 secondary suite renovations/developments now and it is extremely difficult to do a true BRRRR where you pull every dime back out again after you refinance.
Bruce D. Kowal
What REALLY Triggers IRS Attention in Real Estate Partnerships - From An Onlooker
29 January 2025 | 6 replies
Are you saying that the IRS-1065 Is going to be pulled into an audit, or will just the disgruntled partners IRS-1040 be pulled in for the audit?
Bobby Eastman
Any suggestions for people to contact for investing in the Sherman/Denison TX area?
18 January 2025 | 17 replies
The most recent numbers I pulled for Sherman and Denison SFH shows that the avg DOM for leases are right around 50.I hope this helps!
Nicholas Dillon
How to decide if a HELOC for your next deal is a good idea
24 January 2025 | 1 reply
Personally, If I could pull out a HELOC, I would use it to fix and flip which will typically make sense as you shouldnt be keeping the money out for that long and you can recycle it or pay it back and build off the capital that you got from. the flip.
Jordyn Ohs
Best way to pay down or off a Heloc
16 January 2025 | 2 replies
You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.
Geoff McFarlane
Sell our home or rent it out?
20 January 2025 | 7 replies
Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.
Steve Englehart
Cashing out IRA to buy rental properties.
29 January 2025 | 47 replies
@Jon Martin What assumptions are you using to state that he can make ‘far more money’ by pulling his money out of an IRA and investing in real estate?
Brian Chadwick
Selling one home to get three - smart or stupid?
21 January 2025 | 20 replies
With pulling out your equity (or selling), you can diversify and buy more.I did sell one of my places and used that money to buy two others.
Ryan Rabbitt
Off Market Lead Generation - FuelPoint
24 January 2025 | 3 replies
@Ryan Rabbitt Did you end up pulling the trigger?
Phillip Herring
First Local Rental Purcahsed
29 January 2025 | 0 replies
Cosmetic updates, Pulled up carpets and updated with LVT, New Counter tops, painted cabinets, new appliances, new deck, fence, paint, lighting, etc.