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Have 100-120k in equity in my current home which is the first home I bought. I plan to take a HELOC out and turn it into a rental while we build another home. (Plan to live for a 2-3 years and then turn into another r...
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Hi this is my 1st post on BP. I purchased my 1st income property in 2018. It is a duplex that I'm house hacking. I'm about $250 per month shy of having my mortgage completely covered by my renter.My question is the ba...
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Heard the concept of owning your first home for tax benefits and others. I do not have motivation to own a home, especially now as I am eager to invest my capital into investments that will grow most effectively, such...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $93,000
Current estimated equity ~ $50k
Should I sell and use equity, or borrow against it for next investment?
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Hi all, I am trying to figure out the best way to add 2 more rental properties to my portfolio from the equity in my primary or other options. I currently have 11 rental properties. I don't really want to do a cash ...
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Guy this is my first deal.Here is the case.Seller ower $40K On mortgage. ARV is $160What is the best option for me to do if i want to Wholesale it, or must be subject 2?Please advise guys
I have some houses that I owner financed and or did a lease option on in the past. Some of these properties have 40 plus in equity. I know that the end game is to have cash flow, however I needs some funds now to take...
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My goal is to start an investment fund with a small group of qualified investors who are interested in flipping homes in the NYC and surrounding areas.Objective: $1,000,000 fund to flip propertiesMembership: 4-5 peopl...
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I need around 270k to pay cash for a multi-family unit in my area, asking price 799k. I have approx. 350k in equity in other rental properties. Can I borrow on the 350k equity, and if so, how would that loan compare...
My wife and I bought a townhome we planned to rent out in a few years when we bought a sfr with a yard and white picket fence. However after running the numbers now that I am actually looking at it I'll be lucky to ma...