Arthur Voskanyan
Home Equity Loans Qualifications
How much equity do you have to have in your home in order to be eligible for a home-equity loan? Is it a minimum of 20%, and for example if you have a home worth $200,000 and you owe $160,000 but have $40,000 in equit...
John McCardell
Preparing for the next housing crash
We all hear all of the investors who made out in the 2008 housing crisis. If this were to happen again I want to be ready to strike. I currently have a HELOC and some cash saved for some turnkey rental properties. I c...
Marshall Milinazzo
Advice Requested: HELOC vs Cash out refinance -Prepping to BRRRR
Hi All, A little about myself, im new to the real estate investment arena, but and fairly good with financials, and just wanted to bounce my thought process off a few folks in hope someone more experienced can p...
Account Closed
Cash out refinance and investment property HELP!!!!
Here's the scenario:I currently own a 3 family home in New York that has been appraised at 1.1M in the recent months. I currently have a HELOC out for about 150k for expenses that I have incurred over the past few yea...
Yesenia Padilla
Cash out refi or no?
hello everyone. I am looking for some advice on my current situation. I have 2 properties with decent amount of equity. I recently did a cash out refi on one property to help with purchasing a investment property to f...
Account Closed
cash flow tax free?
i have a simple question about cash flow from rental properties and taxes. is cash flow considered income? Will i have to claim my cash flow as income and be taxed on it? 'm just a little confused about this.
TONY WANG
equity loan
hello, thanks for reply my post.
these propeties are 3/2 or 3/2.5 2stoy condomium. i got them from REO or foreclosure and i paid all cash already ($20,000-$$23,000 each one). i fixed up and rent out. now i want g...
Kevin Sapp
Tax on unused insurance settlement
Hi,Situation is a property that I own outright, had roof damage and received an insurance settlement. Because of the circumstances, sold the property, the settlement will not be used to repair the property. Some of t...
Karan More
Confusing between Cash on Cash return while doing BRRRR calc.
Hey Guys,I am trying to calculate Cash on cash return when a BRRRR is done. Here are my inputs:Purchase price is 102K (19.6K down pymt, 78.4K mortgage and 4K closing)Rent is $1,500.Rehab cost $15KExpenses are coming t...
Van Lam
Cash Out Refinance
Hi I am investor in Gainesville, I currently hold a multifamily 6+ units. the property’s rehabilitation is scheduled for completion in 2025 and the rent will subsequently increase, can I proceed with a cash-out refin...