It would seem that a HELOC for a down payment on a new investment property when it comes to SFR or 2,3,4 Plex is a no go due to Debt to Income ratio.But can I use a HELOC as a down payment on a 5+ unit?
Can experienced people share some experience for the tax of self-directed IRA properties?1) If not sale the property, how to pay off the self-directed IRA purchased SFR tax? 2) To pay off the tax once, it is too much....
Hi All,
New here to the community but I do own 3 properties in California. I'm looking to purchase an investment property for $250-300k cash. For buy and hold/cash flow. Where would you buy and why?
Hi Everyone,I’ve been an ‘accidental landlord’ for 8 years (rented out my townhouse condo when I found my current primary SFH and have had long term tenants. They have had rent increases, but not keeping up with the m...
Hey BP fam, My PM notified us our tenant in our SFH rental in Salem, OR is purchasing their own home and will be moving out the end of May or June. Selling this unit has been a discussion for a couple years now and th...
If I roll $100k into a SDIRA, can I buy a $50k house for cash out of that account and have the rental income put directly in the account? I realize this is probably much more complicated in reality, but I thought...
We’re back for part two with The Multifamily Millionaire authors Brandon Turner and Brian Murray. This time, Brian is on the mic to give you the ten steps to purchase your first large multifamily property. You may be ...
Found a nice couple who wanna move in there landlord reference checked out and good job. Not so good credit scores and declined them for credit scores on transunion smart move. But we gave option for a $7,500 deposit ...
Sold in NY, moved to Tampa, have 400k+ to invest. It's sitting in a money market account waiting for an opportunity. I've spoken to investors, mortgage and real estate brokers, etc. Almost all of them say to wait. Pri...
Are you building vertical or horizontal income in your life? If you aren’t sure, don’t miss this exceptionally important episode of the BiggerPockets Podcast, where we talk with Pat Hiban about creating multiple strea...