Amber McGill
HELOC on a shell property
I am considering purchasing a shell property from the city. I have a cash to purchase the property outright but need funding to renovate.Here are my questions:Has anyone used a HELOC to do this?Do shell properties act...
Chaz Moore
Tenents, time intensive?
I'm slowly working my wife into the realm of cashing out refinance to buy an investment property but the big hangup I'm running into is the time it will take to manage tenents.I understand some can be a pain in the bu...
Brian Mason
401K and a loan
I have a self directed 401K with $250K in it. I want to buy some property with it and found a great property for $350K. Is there a way I can make up the difference?Can i take out a personal loan to cover the other ...
Andy Gaskin
Cash out Refinancing
Hello all, not sure if this is the right place to post this question. But in terms of cash out refinancing when shopping around and calling local banks what questions should I be asking? And what exactly should I be l...
Mike Ganske
Estimating Vacancy and Cap Ex Expenses
I'm looking to buy in the mid-west. Curious to see how much does everyone estimate for Vacancy and Cap Ex Expenses. I've seen quite a range when I've researched this so Id like to hear first hand how much others est...
Robert Capozzoli
Multi Use Financing?
Hello,My wife and I came across a 4 unit multi use opportunity in NJ. It has 3 commercial spaces on the first level and a large appartment on the 2nd floor. We would live in the apartment. I was told I need 25% down b...
Elsa M.
First time home buyer: Brick vs. Frame
Hi everyone, I know this is a silly question but, do you guys prefer brick over a wood frame multi family? I really like brick, but they are a bit harder to find within my price range and there seems to be more wood f...
Account Closed
Why do people invest in 6.5 to 7% cap rates?
I live in midwest ohio which is supposed to have some of the highest cap rates in the country and I am consistently seeing low B grade multifamily properties selling for 7 percent cap rates, is the competition really ...
Quwan Booker
Can I get an equity loan?
Can I get an equity loan with bad credit? The house is paid for. I’ve been working my same job for 5 years! I want to use the money to get it up to code and then rent the bottom unit out, plus fix my credit! Can I get...
Sharon F Bondurant
What types of insurance should investors make sure they have?
Hey Everyone,I currently have two rental properties in AZ. I have the properties covered by home owners insurance. However, I am wondering if there are other types of insurance I need to get to cover myself and my p...