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I've reached the point where I'm out of personal funds to get 20% down. I've heard/read people that are using LOCs to fund their deals, yet no specifics.Can someone provide an example with numbers showing how they use...
- We purchased a duplex in February 2021. In July 2021 we learned there is an active lawsuit tied to our property where our seller is suing the previous owner regarding substantial driveway grading and basement water ...
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Hello Members, I would like to ask for your experiences/stories/advice on HELOCs. We have 2 rentals with a large amount of equity and a cash out refi on one of them fell through b/c the property is no longer our prima...
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Over the past couple of years, I've been coaching college-aged women. What's blown my mind is the idea that college students and people their age are broke. That's a total limiting belief and misconception. Althoug...
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Hi BP,I'm trying to line up a HELOC on our primary residence in SoCal and running into a wall. We bought in 2018 and end of this month we'll have owned for a year. Since biying we've put a little sweat equity into t...
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The time is finally here. I am ready to sell my primary residence, a duplex and purchase 5 or more units. I am considering doing a 1031 Exchange but I was wondering if all of my equity has to be used towards the new p...
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Ok, I do admit I watch my fair share of Bloomberg, Yahoo Finance, and several other financial news outlets in my spare time. I am not a “trader” of any investments. I seek long term hold periods of everything I invest...
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Hi,
I recently purchased a 5 unit multi-family home in Massachusetts that is heated by one, very outdated, boiler. To separate utilities, I had the option to go electric (costly for tenants), put in 5 furnaces, use a...
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A brother and sister inherited a house and are in title as tenants in common. The brother, who lives in the house, wants to sell but the sister, who lives out of state, is refusing.
In the mean time,...
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Hi all,
I'm new to this excellent site (and have no expertise in RE investment). Thank you in advance for any help and advice!
My situation is this: I'm recently retired, and it's time to sell a building I own. The...