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Does this make sense:
Take 1,200,000 out of house #1 (100% equity) QUESTION 1: How? Home Equity Loan?
Buy House #2 for $1,500,000 on Installment Plan (1,000,000 down, then remaining 500,000= 4,167/mo. x 10 years)...
Hi BP community!I am super excited to get my foot in the door on investment properties and am not entirely sure if this is a plan that has worked or potentially planned out for other investors and I would love some in...
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First of all this house is in foreclosure in FL and is going to sale This Dec 7th so not much time. Loan is 101k not sure about the back payments yet. Prob about 2 years behind. Also an IRS tax lien most likely attach...
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Hello BP, I appreciate the support, education, and community offered here. I am a 1st-time homebuyer that has been looking for a house hacking opportunity in my hometown of Charlottesville, VA. The market here, simila...
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I converted my former primary residence into a rental in 2022. Would I be able to take a home equity loan against this property to buy another property in Mexico? At some point I may want to sell the SFR? Is that p...
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Is it better to buy an investment house using money from home equity or with your own money for a down payment? It looks to me the intrust rate is the same so I would just have 2 loan instead of 1 loan.
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I was trying to do some analysis on different RE strategies between Buy&Hold, Fix&Flip and Wholesaling. The assumption i made was
- 10 house with equity capture of 25K for both Buy/Hold and Fix&Fl...
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Hi!At the strong recommendation of multiple folks on here and my accountant I bought QuickBooks. My main confusion lies in how to set it up for flipping? How have you all done this? Any advice at all is very much ap...
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Hello,
I have been fixing up a 3 bed 1.25 house with a bonus room for the past few months. After going screening 60 plus people, it has come down to two.
These are the best ones I have seen so far for this area, T...
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Hello everyone. I am having a hard time pulling the trigger on my first rental. I want to buy a rental but I only have $3600 in stocks and about 14k in equity. I am wanting to purchase a house that is listed at 79k. I...