Ryan Richmond
Storm door preference for STR & MTR
Hey Y'all,I recently installed a storm door at my primary and enjoy it so much I am looking at installing these at my short and medium term rentals. I found some discussions on general tradeoffs for having a storm do...
Vinny Incognoli
Need help moving beyond my first property
Hope all is well. I own one rental property and am looking to purchase another. I refinanced the property around five years ago to help with the down payment for my primary residence. The current condo I own is non-wa...
Henry Li
Real Estate TAX Deduction
With the new tax law, our primary residence mortgage interest doesn't have tax advantage anymore to my understanding. I however own other investment properties , and there is one that is actually paid off. Would it ma...
Cliff T.
What's the Mortgage Paydown Sweet-Spot?
Purchase Price: $30kDown Payment: 20% or $6kMortgage Amount: $24kAPR: 5.5%Term: 15 yearsRepairs: $8kARV: $40k-ishRent: $700QUESTION: How much should I pay down this loan right off the bat with a 1.99% HELOC of $30k?I ...
Drew Smith
Better method- Low Down Payment or BRRRR
Hi all,
New investor here. I currently live in Seattle and am looking to invest out of state where my money can go further. So far, I've mostly been focusing on my education by reading and listening to podcasts.
I ...
Sam H.
HELOC, HEL, or 2nd Mortgage to finance Second Home
Hello! I am looking into purchasing a second (vacation) home and would love to hear your thought on the pros and cons of going a conventional 30-year second mortgage vs. using a HELOC or Home Equity Loan on my Primar...
Tyler Williams
1031 Exchange
Can the proceeds from an investment property (held in an LLC where I am the sole manager), be used to purchase my new primary residency to avoid capital gains tax?
"We occasionally stumble over the truth but most o...
Benjamin Sulka
Rental Income for Loan Qualification
Is it typical for lenders to allow 75% of rental income on your previous property to help you qualify for your next property? Would love to hear your experience with lenders and scaling your portfolio with the right o...
Sal Mazzone
Need help with a lending situation
BP community-I'm in a bit of a situation. I'll try to keep it as simple as possible:I'm in contract on a duplex that will be a buy and hold rental. Partnering with two other individuals, creating an LLC, and obtaining...
Account Closed
withroam.com – "Your new home, made affordable"
A friend of mine sent me this website recently, and told me to look into it.But as good as it sounds, I have been trying to find the caveat. It all sounds too good to be true, so I am wondering if anyone else has expl...