Jesse Snell
5498 exchange and investment properties
Own a condo in Boston and because of a resident tax exemption the city is now eating up majority of my cash flow (700 a month). I’m thinking about selling it but not sure about a 5498 exchange into another investmen...
John L.Riddle
Using Equity in your Home to get started investing in RE
Hello to all BiggerPockets members!...I'm interested in getting started in investing in either in Single Family or possibly a 8-16 unit apartment complex. I currently have approx. 170k in equity in my current home loc...
Justin Youngblood
Should I Refinance to Pull My Money Out
Hey guys! I'm in the second year of a 5 year ARM (3.875%) on a deal I did a couple years ago. I have about $50k in equity but I'd like to refinance to get my initial down payment back out so I can reinvest it in anoth...
Tyler Tiblier
Remodel first house or buy second?
I bought my first house for 80k and the bank told me I have around 40k in equity I could actually pull out. The house is in decent shape and could rent for around 900 a month as it sits now. The house needs a new roof...
Gilbert Cataluna
Invest in another rental property or rent out my basement?
Hello, My name is Gil Cataluna. I have one rental property that I've been renting out for 2 years now. I built a brand new house last year which I am currently living in. Both homes I believe have at least $100k in eq...
Sara Maree
Down payment for a second house
Here's the situation:I am renting month-to-month, and I would like to purchase a home. I already own a condo, which is currently rented. I would like to keep it. I'm shopping in the $150K range. The condo has about $6...
Derrell Grant
Conventional or HML
Why would you use a HML that requires 20% down, 2points, app fees, closing fees, and requires a minimum of four interest only payments? Versus a conventional loan?
Michael Jackman
First time home buyer
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $120,000
Cash invested: $8,000
Sale price: $185,000
First time home buyer. Updated it to live in then sold afte...
Elias Betondo
HELOC Low Income - Chicago 4 Unit
Hello All,I am looking for any options anyone may have on obtaining a home equity line of credit when tax return income is low. Due to losses my tax statements don’t look great in a lender’s eyes.The property I am tr...
Joe Coronell
Possible 1st deal question.
I have a friend who is losing his house to foreclosure. He is willing to sign over any rights to the house. Sale date is in mid April. House is located in Alaska. Nice house in a B class neighborhood. About 90-110k i...