Cash out refi only if the rental income significantly exceeds the monthly payment and you want liquidity to invest elsewhere.2.You can maybe do a HELOC if you want a smaller loan that doesn’t involve refinancing the entire house.3.

I’ve just heard horror stories from landlords and I’m looking for suggestions on how to best vet tenants - Good credit, no missed rental payments in last 5 years, etc.

Hey everyone, it’s Godsheritage here!

I’m thrilled to announce that I just closed on my first investment property within one week of joining the BP community! Even more exciting, I’m already getting my second prope...

If my spouse wasn’t opposed to moving I would try to buy a new house hack every 12-15 months and use low down payment owner occupied loans for as long as it made sense.

If you offer more $ for the property than the all cash offers AND you appear to the seller to be highly qualified in the method you are using for sourcing the payment, at some point your offer will be more appealing than the all cash offers.I don't understand why you would consider a 1031 for another property in two years. 

Recently, management changed it so both loans can be made with one payment versus two separate transactions. 

However you should consider if your loan has a Pre Payment Penalty.

By house hacking, you're immediately positioned as a landlord, which will adequately pressure you to learn how to structure your leases, screen applications, collect rental payments, resolve the nuances of managing tenants and addressing property issues, etc.

All you need is a single place to track tenant information, payment history, maintenance, and other things.

The payment on the refi would be about 40% of renting a place while looking for the next property.Thanks for listening.