Justin Wroblewski
How to buy my next rental
I currently own one rental property, a duplex that I purchased a little over two years ago. After renovations I probably have about $40,000 in equity in the home. It currently cash flows about $1,100 per month. I am r...
Wally Freitag
Quickest way to rip into the next deal
I just bought my first rental property in January. I already had a really stable renter set up before I even started looking for a property. I really want to try and buy two more rentals in the next year but I'm havin...
Shawn Ho
Shorting 2nd- home equity line?
Hi there!
Is it possible to short an equity line? Or better yet, can you purchase it from the lender as a note?
I ran into a person in this scenario:
1st- 600K
2nd- 150K equity line
Market Value- 780K
NOD filed ...
Jamal Atwell
Why Do I Need Equity?
If I were to generate a list of leads using list source (Or if you have better recommendations) why am I targeting people with +80% in equity. I'm not sure I fully understand the mentality behind it.
Brittany King
Equity Question Help
Hello BP family! I hope you all are doing well. I'm seeking advice for a friend of mine. She's buying a house in AZ from someone she knows. The house has 125k in equity in it. The questions are 1.how can my friend (t...
Brian Fouts
How to Access Equity (HELOC)
I have a customer that needs some recommendations.They are in Canada (Chilliwack area I believe).Have about $2M in equity and would like to pull out 65% of that at prime rate or close to.They own their business, but d...
Zoë Funk
Are Home Equity Loans better to use when getting started?
I'm wanting 2023 to be the year I buy my first investment property. I purchased a home a few years ago and have a 100K built up in equity. Navigating the financing to start my first purchase is nerve-racking, and I'm ...
Sarah Miller
Cash Out Refi on Just Purchased Property
Hello BP! FINALLY closed on my 2 duplexes (yay!). Now I have a general question. I bought one duplex as a foreclosure. Once we do some work to it, we should have around 40k in equity. I would like to pull this ou...
Account Closed
When does the owner get paid when you do "subject to"
If the owner doesnt want his house anymore but he has 100k in equity and the house is worth 200k and I take over his mortgage for 150k. When will the owner get his 50k equity left?
John D.
What qualifies as a "Kitchen" for an Appraisal. Massachusetts.
I have 200+ in equity in the property but I'm having issues doing a cash out refi OR HELOC because when I talk to any lenders they are going to balk at the zoning and taxes/insurance all say it's two family but there ...