Steven DeMarco
Help with deal analysis on house hacking into a fourplex
Hello everyone - wanted some help fleshing out my thoughts on this deal analysis for a fourplex in Utah. I'd be owner occupying one of the four units and using an FHA 3.5% down loan. Also, I may have the option to get...
Brock Best
Home equity loan for rental property
I have about $26,000 of equity in my current home I’m living in. Can I take out a home equity loan to purchase my first rental property to use to cover the down payment, closing costs, etc. without having to actually...
Salvador Figueroa
Taking equity out of a rental property?
So I am trying to take equity out of a rental property but the lender informed me that I can only do that if its my primary residence or a second home. Is there any other way to withdraw the equity? Is a cash out refi...
Thomas V.
Using Equity in Primary Residence to start REI?
Hi, I'm just getting started in REI buy, hold, rent for passive income. I already own two homes both for primary and personal use. I only have about 20% equity in my personal vacation home but I'm about to pay off m...
Axel Kusber
Cash out Refi or HELOC??
I am partnering on a flip and wanted to make sure I had enough access to cash / credit if needed. Currently have $40K cash as well as have a rental property that has about $90K in equity that I could tap into. I have...
Lou Concepcion
Can I used my paid off house to buy another house ?
Looking for a way to purchase another home. Is there a way I can use my paid off home to access funds for another home ?
Alexander Celestina
Best banks for HELOC on personal home
Hi BP fam,I am a new real estate investor looking to buy my first property and I wanted to use equity on my loan for investing. What are some banks you guys recommend to do a HELOC on a personal home?Thank you,
Randal Remon
Help with Subject to Duplex/Triplex Deal
Hi everyone,
Ive been scurrying through the country, and ran across a few properties I'm interested to get started in.
I found a triplex around 40k (tenants already in it), but needs foundation work, kitchen, br re...
Anthony Sgro
Want to HELOC but high DTI....
Can anyone offer any assistance with a high DTI question? I would like to take a HELOC out on my rental property, but I’ve only owned it for six months and my DTI is around 50%.I have excellent credit, but I have to ...
Isaac Da Silva
FREE HOUSE: but LTV is over 100%
Hello all, this is my first post on the forum, so I will try and keep it short and concise.A homeowner is willing to offer her house in Lake Placid, Florida to me, without any cash in her pocket. She has a mortgage fo...