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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.
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16 January 2025 | 0 replies
I stayed in touch with all of my investors who bought off of me to see how well they did and my biggest joy was when they returned to buy more or told their friends about me and what I do!
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12 January 2025 | 2 replies
Has anyone bought from the platform?
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19 January 2025 | 10 replies
For example, I bought a duplex in a B neighborhood called Reynoldsburg for $350,000 last year.
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16 January 2025 | 6 replies
Personally, I bought a 3 bed single family home soon after starting my job and had two friends from college rent which covered my mortgage plus a little extra.
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14 January 2025 | 5 replies
I recently bought a commercial condo (retail) and have been going through hoops with the seller (developer) to make changes to make the space ADA compliant.
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1 January 2025 | 22 replies
I bought this rug from Walmart.
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17 January 2025 | 3 replies
They bought the property together and the client wants to share the sale proceeds with the ex-partner.
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19 January 2025 | 17 replies
I had to switch from erentpayment since Rentredi bought them and got roped into a year membership.
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15 January 2025 | 3 replies
But with that purchase, I bought it with $50k equity in the deal.