John Michael
Use a HELOC just for down payment or purchase in full?
Happy Monday all,We are looking to start our first BRRRR and have a HELOC for $195k. It appears that our choices to purchase our first property are the following:1. Use the HELOC to purchase a property outright in ca...
Jay J.
Creating business (LLC) credit & renting from yourself
ok, I'm not sure what other (sub)forum this would go in, but I guess it could be an innovative strategy, so here goes my basic idea.1. I have a house worth $140k, I owe $100k. 2. I have an LLC with nothing (no credit ...
Rolando DeLeon
AC & Furnace
I need to replace the AC and furnace at my rental property, (ranch-style home of 1256 sqft.) I'm wondering what is the current average cost, and seeking recommendations/advice.Ty
Nicholas Creahan
Core 4-BRRRR Edition
Hey all. I am buying a property in Cleveland area to BRRRR. I am in the initial phases of getting a cash offer accepted. I have a pretty good realtor and property manager. I have a decent contractor lined up, though I...
Ashley V.
Late Fees in Mississippi
I believe Mississippi does not have any late fee laws that I am aware of (it just goes by what is stated in the lease) - is that correct? Is 10% late fee too much for a higher end property? I do give a 5 day grace per...
Christine Snyder
Rehabbing Costs vs Retail costs
Hello, I will close on my first investment property in a couple of weeks and am lining up contractors. Need advice or what other's experience has been in what contractors charge investors. I know what the retail pri...
Aaron Hale
NE Ohio money pit has us in a jam. Ideas please.
Hello. BP,We’re scraping the bottom of the barrel to get this project to the finish line but are coming up short and I’m worried about what will happen when I apply for a cash-out loan. Let me give the scenario and I’...
Ian Reeves
Soo many people to thank- Closing in on 7 units in the first year
I almost did not take the time to write this, then I thought about the stories I read when I was first starting out and how they motivated me. I love this community and I remembered, we share not to brag, but to motiv...
Matthew H.
What to do while saving
Hello BP community. Newbie here.
I am currently saving up for my first property. I plan on purchasing a duplex, living in one side with a roommate, and renting out the other side (i.e. the infamous house-hacking).
F...
Ibrahim Yamini
Should I use a HELOC in this Market?
I’ve been slowing getting myself ready to purchase a second property and it seems like a HELOC is the way to go. Unfortunately, the information I’ve been getting from YouTubers and other sources doesn’t seem realisti...