Hello Everyone,
A couple questions/clarifications. So from what I have gathered most people use a variety of means to fund down payments on new investment properties. I personally am planning on using the e...
I am looking at buying a rental property, but I have no down payment. I was thinking of utilizing a line of credit of $25K-35K for down payment and closing cost (6.2% interest). I believe this is a great deal of a dup...
Hi all-Currently debating on refinancing my primary mortgage (previously refinanced 4 years ago to a 15year @3.2%) to a new 15year @2.25% (Option #1) which would lower my monthly payment and increase Cash Flow. Optio...
I spoke with my aunt yesterday and she mentioned how she is all for the Biweekly Mortgage Payments because it really helped her save money. By paying the mortgage more frequently, she cut down the total interest owed...
I have decided to go for my first multifamily purchase. Considering 2-4 units. I had started this process back in March, but put it on pause. I have now decided to move forward. My questions have to do with funding it...
Hi All,
One thing I need clarification on in the BRRRR method is the refinancing part more specifically how much cash I should pull out of the property. Property will have a ARV of about $250k and rent for about $2...
I own 3 duplexes with my parents. We bought the last 2 in May 2012 and August 2012. All 3 duplexes are paid for, but they paid for the last one themselves because a lot of my cash is tied up from the second property. ...
Just want to talk out a situation.We are moving to a new areaHave not sold current house and will operate as short term rental, $1600 mortgage plus operating expensesUnder contract for a new house in new location at $...
Hello everyone,First things first - I'd like to thank all of the contributors to this forum, your advices and inputs taught me *A LOT* - so I'm grateful for that.TL;DR: For a new RE investor with a good starting point...
Is it wiser to ride out the 30 years... or should I double-pay and be ready to make more profits in the 15years?