Daniel Alexander
NEED HELP WITH HELOC OPTIONS ON WHICH TO CHOOSE
Should I do a HELOC that has a fixed low rate (5.875%) that doesnt have an option for interest only payments, or a Variable rate HELOC (prime 8%) that has an interest only payment option...i would like to use the fund...
Shaun Lloyd
Combatting rising HELOC rates
Greetings all and Happiest New Year!In 2022, I pulled out a $95k HELOC (Adjustable Rate) as Down-payment to buy a duplex for rental income. However, since the fed keeps raising rates, the payment has gone from $325 to...
Shawn Ackerman
LEASE OPTION!!!! OVERRATED OR UNDERSTATED (SELLER/OWNER SIDE)
Here we go......As I'm putting in offers I know one of them will eventually be accepted and the deal will close. Had a few snags after having offers accepted recently but it's par for the course. So when the good de...
Joe P.
Flooring Dilemma/Questions, looking for advice
Hi BP -- so I'm actually asking for my current property which has a basement. Here's the skinny:We just had someone come and rip out all the flooring (carpet/carpet pad)We ripped out the carpet because our cats I thin...
Ryan Jacques
DSCR Terms Opinion
Hi all, I just received the below term options on a DSCR new purchase loan (780 credit score). I'm curious to learn if these seem in the reasonable range including the fee amounts. I'd also like to ask if the rate di...
Account Closed
Can anyone help??
Ok so i just got my first lease option deal with this couple..their trying to sell their house for 710,000 and has been on the market for about 2 months they said.
They do not want to lower the price
What i am tryin...
Konrad L.
How To Approach Tenant About Lease Renewal
Hello everyone,I have purchased my first 3-family investment just a little over a month ago and the current lease on my 4-bedroom unit will be ending on June 30, so the tenant has one more month of official occupancy....
Marquita Johnson
Triplex w/commercial space
I'm interested in a triplex with a commercial space on ground floor. Property would need full rehab. I would like to occupy the commercial space for my own business as well. Any thoughts on financing? Also should my b...
Doolan Wesley
A Successful Milwaukee Property Rehab - BRRRR vs Sell
Hey everyone, I just wanted to poll the audience here quick.
I purchased a home in the Bay View neighborhood of Milwaukee, WI, one block away from Humboldt Park about a year and a half ago. The purchase was with the...
Austin Snyder
Master Lease Option Questions from a First Timer (Please Help)
Hello, I am working on my first multi-family deal as well as my first time working with a master lease option. It's a unique opportunity and even a bit strange so I'll provide some context below.It's an off market 50 ...