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Can someone explain to me the best use of an line of credit. I want to use it to acquire a rental. Fix the rental then refinance and pay off the line of credit. Does that make sense?. Will that work?
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Ok, so I have a deal on a property and land combo. There is 1 house on the land with enough room for 3 single family houses. My potential client has even given me floor plans that were approved by the county to b...
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BP Community,I’m hoping to get some community advice on a deal set up.Background: my partner and I have owned a rental property for about five years. We’ve always had the intention of cash out refinancing into another...
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I read this last night from “The Book on Rental Property Investing” by Brandon Turner: Break even on cash flow or lose money on cash flow, and you are on a path to financial ruin.I’ll repeat myself one last time: Buy ...
5 tips i should keep in my mind when buying rental property?
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I am a new solo agent that started in March. I have closed 2 deals so far and am struggling to find my next business. I just started doing a daily check list of real estate related tasks but am seeking advice from oth...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $100,000
Cash invested: $27,500
Sale price: $178,000
This is a 2 story 1800 sq ft house that had been let go to...
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Hi all, glad to be here. I have one rental property and just getting into RE investing, and after evaluating several various niches, I’m really drawn to the BRRR method.Question: How can one (really) quit their day jo...
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Hello all!I am currently a sophomore in college going for a double major in accounting and finance. I recently discovered the "real estate realm" and I am incredibly interested and fascinated. My question is there any...
I am new to real estate investing and never really had much interactions with renters. I had a friend who rented out a house. The tenant who was nice although very very messy lol. I asked him why he didn't just buy a ...