Home equity is 6-7% depending on length 5yrs vs 15yrs a 30 yr mortgage is 6%...Ideally rental stays rented out bringing in 1/2 of mortgage payment on new house based on numbers and is already cash flow positive bring in $1200/month (worth about 180k)and new property is going for 240k going rental price is about $2,000/month but I owe 18k still on private mortgage- reason I want to pay it off (4% flat 720 interest from cc for 1 year) to have it 100% paid off, then use home equity to pay off....or try to balance transfer balance after 1 yr which ever is lower but I figured that would mess with debt to income ratio and with this property being brand new, which is hard to find being located outside of closest major city...goal is to keep house rented out till it's paid off while also being cash flow positive with both properties combined and using paid off/ nearly paid off 1 to pay for 2nd rental, so I'd say lowest debt while also building wealth/equity not worried about a monthly/yearly profit per say as long as someone else is paying down the mortgage ie: my current property is bringing in $1200/month but current market value says it should bring in atleast $1500-$1600 but the tenant is phenomenal so she's paid same rent since 2017 I've put about 36k into between mortgage payments for 2 years and some up keep...she's put in the other 130k!!

A lot of my immediate family don’t own homes, I wanted to change that with my children. 

i am using 85% because of how competitive things are here in san jose ca. i tried to use 70% on several deals, but other flippers pay way more.example, i bid on a home that was what i thought an ARV of 2M... i offered 1.4M, someone bought it for 1.65M. 

These home value increases(in high prop tax states) and insurance increases is not causing a real cliff like price change to the absolute mortgage cost, but it's definitely creating an uneasy feeling to alot of people who have locked in low rates and are seeing massive YoY changes in their monthly amount.

That photo isn't in the listing and that home does extremely well!

I am wanting to purchase a vacation home, and also rent it out when we are not there.

I have a home with an apr of 2.85% and I really don't wanna refinance if I can help it.

I would do a HELOC, because if you don't want to take the money out you don't have to pay the interest, on a home equity Loan, the full amount is going to be advanced when the loan funds, and you will pay finance charges on the whole amount.We do investment loans on new construction, Typically we can do 60% of the land costs, and up to 100% of the vertical construction, not to exceed 85% of the Costs.Thanks,Dustin

I have not received the first quarter distribution on the ODC Fund 2 for mobile home parks. 

Hi BP family,I'm looking at a new construction home, single family, in San Marcos that is being offered as a "home of the week" deal by the builder.