James Robert
Plan on action? What should I do?
Hey guys - I am a 25 year old Realtor. I bought a house 9 months ago for 183k, just sold it for 255k. Closes oct 20th & its passed inspections. Thus being said - I now have money to play with. Should I buy a turnk...
Fran Pratt
Newbie Advice: How best to leverage a HELOC?
Hi BP friends, been lurking here for awhile learning everything I can. I hope to buy my first rental (or an ambitious 2?) by end of year. So far I've read Real Estate Rookie, and am currently reading the BRRRR book, p...
Kurt Baltutat
Commercial Property Mentorship Program (apartments)
All, I am hoping someone has a recommendation for a mentorship program for CRE in small apartment buildings. I have experience with a duplex, but would like a step by step 'program' to accelerate my growth, avoid pit...
Account Closed
Take me to dumb school....Investment Property Equity
I'll keep in brief. What is the general philosophy regarding paying off an investment property?I'd really like to hear the opposing sides. More equity means lower payment and higher monthly cashflow...my beer math tel...
Drew Eldridge
How would you handle this?
I was recently posed a question and I'd love to hear your thoughts? Let's say you have a typical small portfolio with buy and hold properties that are leveraged (let's say 70% LTV) but own one property outright. And...
Freddy Hernandez
Help: HELOC + private loan to finance next property purchase?
Hey everyone,
I wanted to get a little insight/pointers on the strategy I am thinking of taking on my next rental property purchase.
Here is where I currently stand. I can take out a HELOC on my current owner-occupi...
Jonathan Hoyt
Rough business plan review
My business partner and I are putting together our business plan and I wanted to share the particulars and hopefully get some feedback. We started with these goals:Business partner wants to retire in ~6 years.I want t...
Matthew Tyer
What is the better strategy???
I have a coworker that owns 10 sfh in the Baytown, Texas area. He has been building his portfolio for a while now (8 years). He pays cash for his homes and then saves up to buy the next. He does not believe in accumul...
Peter Tate
Closed on your first deal? ....What's next?
Hi everyone,I recently just closed on my first multi-family property in the Chicagoland area. I financed the loan with an FHA 203k loan. I am looking to buy my next property within 8 months and I am trying to understa...
Dillon Dale
Lease Option Amid COVID
Picked up a lease option deal amid COVID. Our rent is $1450 with 5k down on a 3 year term with the option to buy at $215k. Anticipated rent is $1800 with an anticipated cash on cash return of 28%. Will update during l...