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23 February 2025 | 0 replies
I owe zero dollars on it as I put the $200k material cost to build on a remortgage of my primary Alaska house.
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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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21 February 2025 | 4 replies
Around here they range from $35 to $300 so that would be my first question!
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22 February 2025 | 11 replies
I recently locked down my first property as I start on my real estate adventure.
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23 February 2025 | 16 replies
Quote from @Daniel Green: Hey everyone, I'm Dan, 35 here, I'll be able to make my first purchase in summer '26.
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24 February 2025 | 8 replies
I was playing with the idea of selling my condo, taking 300k of the equity to put a down payment towards a house listed at 660k.I'm assuming the reno will run $300/sqft and going in with the assumption that phase 1 will run 750k (figure the expansion of the house will have to wait) for the gut reno.I assume/hope (but definitely not banking on) that I will be able to refi in 2-3 years at a lower interest rate; if not for a lower rate.This will likely be a family home for the next 5-10 years at LEAST so investment value isn't quite at top of mind ATM.Questions:Even if it's not for lower interest rate, do you feel it's advisable to refi to remove the 203 loan in the future?
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21 February 2025 | 10 replies
I was pretty leveraged with my HELOC, 401k loans, etc. but I could have been even more aggressive.I only have 12-doors though.
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22 February 2025 | 5 replies
The whole house needs to be remodeled due to lots of wear and tear and being outdatedI am planning to use a HELOC on my current property for mostly all the repairs.
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18 February 2025 | 33 replies
I've interviewed him twice on my podcast (once with @Chris Seveney and once on my current show), and I thoroughly enjoyed those conversationss.
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24 February 2025 | 9 replies
I seen online gift funds can be used with after 10% of my own money.