Logan Warren
own property 100 % and want to rent (beginner): HELOC ???
27 September 2021 | 2 replies
So if you do want a HELOC get it before you move out.HELOC - Pros: Fast cash, easy access, flexible; Cons: Floating rates or higher rates, less available equity as cash, short AMMO; use to take advantage of opportunities quickly then find long-term financing later, best to pay of quickly due to increased expense over other financing optionsCash Out Refi Mortgage - Pros: Excellent terms (low INT, long AMMO, higher LTV=more cash), stable/low INT rates; Con: SLOOOWWW to take out compared to HELOC, slower to reorganize/restructure or close out; generally these are good for financing other deals that are longer term and stabilized in nature.
Jose Robles
First Post: Single Family or Multi-Family?
15 October 2021 | 3 replies
By investing passively it provides access to metrics, business plans, acquisition process and best practices.
Carol Burns
Keep or Sell my SFR??
27 September 2021 | 4 replies
Do you have easily accessible capital or partners that would allow you to invest in more properties without selling?
Patrick Villaviza
My Journey to REinvesting
28 September 2021 | 10 replies
Make sure you check out all that this site has to offer.I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides
Account Closed
1st position HELOC in Manhattan (primary residence)
29 September 2021 | 5 replies
I like the idea of the HELOC because at least I'll have access to cash to use to investment properties after I purchase my primary.
Andrew Kimbrell
Do RE meetups really exist?
5 October 2021 | 5 replies
You can add value to local investor-friendly vendors, give investors a space to congregate and give yourself access to best local investor network.
Joseph Romano
Home Appraiser Suggestion
27 September 2021 | 5 replies
I do have access to the MLS and I'm starting to get goods at running comps, I have been doing practice comps everyday for a few months now. so let me know if there is any ways I can help
Ryan Fields
New member introduction
3 October 2021 | 8 replies
For example, if you are looking to connect with other members near you, want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/usersThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides
Pat Leri
BRRR Part "Refinance" - Need some help
28 September 2021 | 4 replies
You will then get access to 80% of the property's value in the form of a loan into your bank account.