What are your thoughts on refinancing to leverage unused equity? I would like to leverage my equity to purchase another rental property, as well should I used a direct lender to refinance?
We own a 2 family property in MA purchased as a primary residence with intent on buying a second, moving in to that one, sitting for a year, buying another one etc etc. Well, as we all know life has its curveballs and...
Since Finding BP I have a new love for analyzing deals. Before BP, I found deals that might hit the 2% rule and seemed to have good cash flow. However, now I am looking with much more scrutiny. For example, now I am a...
Hello all,
I am currently the owner of 2 duplexes, 1 conversion and 1 side-by-side. The conversion was purchased using a down payment of 20% and cash flows $525/m. The side-by-side was purchased 100% LTV (zero percen...
Hey everyone! I've been trying to understand this information myself, but I've been getting confused, so I'm hoping you guys can share some of your money-magic wisdom with me. Feel free to correct any assumptions I ha...
Alright, so it might not be "breaking news" but it's news to some. So many of the threads and forums I’ve read since joining BP in 2018 have pushed the power of leverage and maintaining a high LTV to boost your ROI a...
What do you when you used credit card debt to renovate a house that was over budget and still need to finish the renovation?
I know that to many of you the answer is obvious but is it?I run into many investors who seem to be stuck on the one deal at a time paradigm. More importantly, they seem to be stuck with using as much of their own cas...
Hi everyone,
Needed some advice on how best to raise capital to buy a multifamily unit. I currently own 2 townhouses each worth about 250k-260k each. Both have conventional 15 year mortgages on them at 2.75 and 3.75 p...
Good morning.Wishing you all a great day and an awesome weekend. Looking forward to working with Biggerpockets and building a great relationsh...