If my primary residence has $500k HELOC, could I use it to purchase a 2nd primary residence and rent out the first one?And if so, as I'm paying down the original primary residence HELOC, in the future, can I use it ag...
so I am relatively new to the site and I love following the stories.My father and I are looking to help make him some extra money so he can retire early as well as set me up for the future. I am 24 with 2 rentals alre...
Hello All, Any strategies on how to approach making additional payments towards rental property mortgage? Monthly extra payments?Lump sum payments once a year?Start a high yield savings account, CD, money market and u...
Thought I'd share my recent decision to not complete a 1031 exchange and get your thoughts. I recently sold an investment property with net proceeds of $1.8M. Cap Gains on this will be ~$400K. 1. I was having troub...
Is your money in general better in real estate then in the bank?
I am new to BiggerPockets. I’ve been doing property management, building fixing and holding for near 40 years - the last 20 years independently. My wife and I are retirement age now. She wants the security now of a fi...
Is there a general rule? Should you have enough to pay off the mortgages if you have too? Or enough to cover all properties if they remain empty for a certain period of time?
I've got some extra cash and wondering what the community thinks I should do with it? I have a couple of rental properties that I can put a sizable dent into. It wouldn't pay them off, but it would help with some cash...
I am selling a property in CA with a pretty hefty gain (great!) and would like to do a 1031 exchange to avoid cap gains taxes. I think the opportunities outside of CA are better from a return standpoint, but am hesit...
Hello,My wife and I have always wanted a property with land (approximately 10 acres) in South Central Pennsylvania. My wife’s parents live a few houses down, and because of the grandkids, are at our house nearly ever...