Hi BP, little background: currently own and renting out a triplex, the property mortgage is tied to my name ( No trust, corporation) holding the property. Now my current plan is to purchase more rental property, how...
I am in a unique situation where we can purchase SFR with cash. I am trying to build a big stream of passive income. The strategy has been working directly with owners and found a good wholesaler so that we can buy ...
Hello everyone,
I'm looking for some guidance on my plan to use a Home Equity Line of Credit (HELOC) to fund a fix and flip project. Here's a summary of my financial situation:
**Income:**
- I earn an annual gr...
Hey everyone,
Ive been a member here since about 2008 and am just now finally getting around to making my first post. I'm a police officer in South Florida and things have gone from bad to worse for us financially. Th...
A friend is looking for ideas for next deal, here is a financial snapshot - hopefully some of you w experience can give ideas of what you would do in this case. Lives in NJ, works in NYC.- makes 120k, saves 5k clean a...
Hello I’m Broke, I need your expertise:- Own a 2 family in NYC with about $800K in equity at 3.5% interest rate $2600 monthly mortgage- Owe about $85k in credit card debt st about 27% apr….all paid minimum but drownin...
I have a question about DTI calculations. I have my primary residence and also a multi-family rental property. I know my DTI not including the rental property but I am not sure how to factor in the rental property. ...
Hi everyone, My name is Matt Snow, and I am very new to this whole world of real estate investing. I graduated from PLNU in San Diego with a Business Admin degree in 2010, and moved up to Santa Cruz in 2013. During th...
I apologize in advance if this topic is covered elsewhere... I've searched around and all I've found is a topic about purchasing a vacation home instead of an investment property. But here's my situation... I'm a 25 ...
Hello all I am a 34 year old single mother of two sons 13 and 15. I just recently purchased my first home for $505000 with an FHA loan. This was a huge accomplishment for me coming from a difficult financial Backgroun...