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What would my fellow BPers use to get started off on their first BRRRR. Using a primary residence, would you cash out refi or use a home equity line of credit and why? What would the personal pros and cons be for both...
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I was reading a little bit about shopping for loans, and I was wondering if anyone had any tips on looking for lenders who can lend you the loan that you want, on your terms, without having to actually apply for a loa...
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So my husband and I are currently renting but we want to eventually have our own home but we also want to get into Buy and Hold real estate, for the extra income. My question is should we first buy a home for us and t...
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To keep it simple we are now renting out the first house we bought. At the time we put 5% down and are now only about 10k away from 20% equity. I am wondering if popular opinion would be to pay the 10k so that we are ...
Hi,
I have a few questions for people more experienced than me, but before I ask them, I should give some relevant background information.
I'm a recent college graduate (22) looking to buy my first owner-occupied re...
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Hello,Recent loan estimates from my mortgage broker are now showing additional points from Fannie Mae/Freddie Mac for investment properties. I'm told it's a new policy of FNMA/FRE for investment properties with less t...
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I lease out individual rooms in a rental house. One tenant got married and wants to add spouse to the lease. The main tenant is okay - pays rent on time, agreed to pay extra for the other person, all looks good and th...
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We have a decent amount of money in my husband's 401k (around 100k, maybe a little more). My question is, have any of you taken money out of your 401k and taken the tax hit (which I believe is around 25-30%, possibly ...
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We have a number of properties in the NE Philadelphia that are currently under an LLC and are now paid off. We buy/rent/hold. We'd like to tap into this equity but discovered that borrowing money when an LLC is involv...
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Hello all.Was hoping to get some people to share their experiences with doing this. I have secured a $30k line of credit against my primary residence, primarily to be used for investment opportunities. Ideally, I'd ...