Hey all, happy Friday! I was approved for a non term HELOC loan for 100k at 7.5% variable rate. Looking to start my first short term rental in the Saint Augustine/butler beach/crescent beach area. For those of you who...

Hello,I live in Rochester, NY and currently own one rental property, and will own my primary residence free and clear within about two years. My current house would make an ideal rental for several reasons, so my goal...

Hi All, I am one of three individuals hoping to purchase our first rental (single family or duplex) in the coming months. We keep getting different answers on which kind of loan we need and how to apply for it. We are...

Purchased 3 SFR at $29K per with cash ($87K total). I don’t qualify for delayed financing so leaning toward portfolio loan for all 3. Unfortunately portfolio loan is variable APR. Can I refi this loan with conventiona...

I know there are tons and tons of internet calculators you could use to calculate the monthly payment of a loan but I'm looking for the actual formula that is used. Could someone please find this for me or at least e...

how does the bank make money off this?

Hi All,

This is my first post so be easy on me =)

Does it make sense to get a HELOC on the primary home and then get a Refi on an investment property to pay it off? I am currently holding two pr...

Hello all,Couple questions here when it comes to the best option to purchasing a second home or investment property. Between a heloc and home equity loan, which one would you do and why? I understand that with the hel...

I am a newbie with BP, so apologies in advance for my questions. I've searched around, but need some guidance for my specific situation. Scenario: Looking to buy a primary residence house $360-380K. Rent out a room to...

I'll start off by saying I'm a newbie.  I love BP!My wife and I are looking to fund our first deal.   We have ~25K cash and $75K in equity in our house and we are looking to use a HELOC for down payment and/or rehab f...