I currently have 3 properties. I am using a family members line of credit on their house to build an ADU in the back of my 2nd property and I will be in debt to them approx. 100k plus about 8-10% interest. They aren't...
Hi, my name is Jimil. I live in Lompoc, CA (near Santa Barbara). I'm a newbie to Bigger Pockets and Real Estate Investing. In fact, I've only started learning about all this over the last 2 weeks and I am intrigued...
Hi, it's been a while that I haven't posted, but I'm just curious if I am the only one that feels guilty when I try to spoil myself. So I'm currently driving a 2005 Durango with no AC and I'm wanting to get my dream t...
Scenario 1: 2 houses with mortgages, very minimal but positive return on both ($4k annual net profit) Scenario 2: sell 1 house, use equity to pay off other house ($14k annual net profit) Which one would you do? And why?
I hope someone can answer this for me in a way I understand it. We have a single family rental home we are selling in a 1031 exchange. Prior to listing we renovated the home. I asked our 1031 company how we should ...
Hi everyone, I am planning to use HELOC (of my primary home) as part of my downpayment to buy a multifamily (LLC). In the future, when I sell this multifamily (LLC) through a 1031, how will I get the money back to re...
We are in the process of selling our first home to buy our second, but we also have the option to rent it out. We live in Denver, which is a great market to rent or sell in. We stand to make close to $200k (after fees...
Hi! If someone has the $150,000 to repay the mortgage in full, should they do it? or invest it? Take a peek at the numbers and notes I put... what am I missing? https://drive.google.com/file/d/0B0FFPIOkOt3DemtaRXZ4NGc...
Wondering if I can get some feedback on this. My first buy and hold rental property hasnt been very consistent at all, but because of covid relief assistance offered by MIFA, I was able to receive all of my owed rent....
I know someone trying to off load some properties. They were inherited by the family and I guess they cannot agree on the day to day operations of being a landlord...so they want to sell. I do not have specifics but m...