Alfredo Coria
Increased Equity Now What?
Hi All. As houses have increased in equity, what are the positives and negativesof getting a credit line in that equity for a next purchase? Aside higher volatile interest rates, what else to be cautious about?
Spence Rodman
10 Mortgage Limit Problem
I have recently purchased a house that i have moved into. I purchased it using my business line of credit from a local bank who holds the mortgages to many of my properties. I intended to refinance the loan on a 30 ...
Calvin Matthews
Use a line of credit from a vacation home to buy a primary residence?
Hello. My wife and I own a vacation home in Texas and are renting in our primary residence. We'd like to move out of this primary residence and initially were looking for a new place to rent, but then I remembered abo...
Chivas Miho
Underground Freezing Pipes Not Disclosed by Seller
Hey BP, so I landed my first OSS rental property a week ago in Michigan and while I'm celebrating my victory as a new RE investor, I find out yesterday that the main water line to the building froze and the tenants ha...
Mary Faith Janson
[Calc Review] Help me analyze this deal
View report
*This link comes directly from our calculators, based on information input by the member who posted.We have $225K in open Line of Credit at 3.875% ready to use to purchase a property. I ...
Rob Gribben
Homeserve - Sewer backup - insurance
I own two properties in Baltimore city. I keep getting letters from Homeserve trying to get me to purchase sewer line backup insurance. The city has contracted with Homeserve to provide insurance against sewer line ...
Mark Cole
Should I pay off my loan or LOC??
Hello BP family. I have two major debts a 21K balance on a loan that i have at 6.99% interest and a line of credit with a 28k balance and 12.99% interest. I did a flip and made 40K. I truly want to invest in another p...
Michael Glaspie
Infinite Return with a BRRRR Duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Rock Island.
Purchase price: $105,000
Cash invested: $105,000
I purchased a duplex with the BRRR strategy. Purchase and re...
Alison Rodriguez
Cash purchase to cash-out refi
Hiya!I have a property under contract in Hagerstown, MD, a SFH for $94K with an ARV of $160K.I'd like to use a personal line of credit to purchase the property, pay repairs out of pocket (minor) and then do a cash-out...
Mary Pastoral
Which financing to choose
Hi BP community, which one would you advise to be the next move for financing of next investment property, given the following options:
1. Get a business line of credit for a single family home owned under our LLC. ...