21 September 2018 | 14 replies
If I move to property management in the future, will I just start getting big bills every other month to have a plumber go to do a 5 minute fix?
5 November 2018 | 7 replies
@Jorge PatinoWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.
23 August 2018 | 0 replies
Charleston investors with flipping ecperience looking to expand and lookIng for dedicated lenders to work multiple future deals.
23 August 2018 | 1 reply
My intention is to build my business with systems in place, so that I can hand over essential duties to future employees.
23 August 2018 | 8 replies
I also figured this would be a far-future scenario, because buying my own house in the rapidly-growing greater Seattle area has seemed like an expensive pipe dream.
24 September 2018 | 2 replies
;)I will try a postcard next month, and see if keeping consistent contact and message proves effective in the future.
23 August 2018 | 4 replies
I do think it would be wise however to make sure you have credit lines available for future use If necessary.
16 January 2019 | 4 replies
I'm looking into taking out a HELOC for a future investment.
23 August 2018 | 3 replies
For our primary mortgage, we are 2 years into a $600K 30 year 3.75% fixed conventional loan.Here are some pros and cons I can think of for each option:Invest as CashPros:Very liquidLess riskyNo interest on cash amount for next investmentKeep higher primary home interest expenses for tax write offCons:Sits in savings account earning 1% until reinvestedPay Down Primary Mortgage and Take Out HELOCPros:Saves $275,000 interest and reduces payoff during to 15 year on primary mortgageCons:Puts primary home at risk if future rental property investment goes badHigher and variable interest rate on HELOCBanks could close HELOC at any time removing my access to the funds for investmentMiss out on tax benefits of higher primary home interestUltimately, our goal is to have no personal debt including primary mortgage, while building a steady stream of cash flow through rental properties over time.
23 August 2018 | 5 replies
I'm not okay with the low cash flow, but I did see that the property has a big lot, which another house could be built on potentially in the future.