What is the concept of refinancing? Why would someone want to do it? What are the differences in the different types such as cash out refinancing, HELOC, and Home Equity Loan. I have heard of all these, but the conc...
Hi, I'm a listener of the Bigger Pockets Money show and will begin listening to the main podcast you have!My husband and I bought a small home (685 sq ft) in Hawaii in Sep 2017, on a big property (8200 sq ft) with hop...
Hello! I have around 50k saved, and am looking at a triplex to house hack in my area. The house is in a really good neighborhood, and is livable. ~speed bump~ The house is around 200k, but the morgage would be less th...
Dear BiggerPockets community. Hope everyone is having a great journey in real estate so far.I have been looking for an answer for this question for a long time now, so I thought: "There is no better place to find the ...
Good evening! There's a house near where I have my current rental that has gone up for auction on Homesearch.com The start price is low, it's already auctioned twice and finished with a hell of a deal but no reserv...
Hello. I own a property in Baltimore city that I am considering renting out fully. I believe I can get $3000 a month for this property, as it is in a highly desirable area. I looked into the possibility of buying anot...
Would doing an interest only mortgage be the cheapest for lowest monthly payments, i want to get the most cash flow as possible, is the interest rate on that higher or maybe doing like a 5 percent 5/1 arm be better o...
I keep reading these forums on here and I feel like Im doing it all wrong. I run a small business so my real estate investing is done more as a supplement than as an income. I have 6 properties and paid cash for all o...
I struggle to get financing...I have a house already but wanted to buy a second house? a much cheaper one, because I am not sure how long will I last at my job. I do have 100k equity in my current home so if things...
Hey everyone,
I'm looking to tap into the equity of my home in order to invest into a 2nd property.
My question to you is if I should do so as a HELOC or as a Cash Out Refi?
I'm expecting about $80-$100k would be a...