Has anyone in here used a HELOC to use as down payment to acquire a new property or to complete the renovations? Pros/cons? I have a good amount of equity in my primary house and recently bought my first investment pr...
What are top 3 pitfalls to avoid when using OPM to fund a deal? What should I consider as method of repaying the investor whether I should provide equity stake versus % return on money invested?
Hi everyone, I'm a beginner investor in real estate I do own 3 properties my primary home and 2 rentals. All 3 have conventional 30 years loan all rentals has positive cash flow, I owe $45,000 on my primary home loan ...
Hello everyone, new to BP and am looking for some guidance. I've owned a duplex in West Allis since 2009 and just moved out and placed a tenant in both units. Property currently cashflows pretty well but now I am wond...
I just recently opened a HELOC from my primary home to use for a down payment on my first investment property. I will finance the rest with a conventional loan. My question is, what is the smartest way to pay back the...
Hi everyone! This is my first post. I am getting started in the game of flipping as well as buy and hold properties and wanted a better understanding of how private/ hard money lenders work. When paying back the loan....
Hi, my name is Jimil. I live in Lompoc, CA (near Santa Barbara). I'm a newbie to Bigger Pockets and Real Estate Investing. In fact, I've only started learning about all this over the last 2 weeks and I am intrigued...
Years ago, I did several successful fix-and-flips. But, I financed the deals using my own bank account, credit cards and family loans. I never used private lenders or hard money sources. Now that I'm retired, and vent...
OK so first off I am brand new to real-estate. I am 50 yrs old, my home is paid off and I plan on retirement from my government job in 7-9 years. I have 45k in my bank savings and I want to buy 2 duplexes that would g...
I’ve got 3 SFHs and one four plex. I’m tapped out of down payment money so I’m looking over the horizon to figure out how to raise capital from investors but feel a little stuck.I don’t want to give up equity (I don’t...