I'd like some feedback on a non-typical cash reserves idea using HELOC on investment property.Goal: maintain $40,000 in cash reservesOption 1: Deposit into bank money market for ~ 2.3%Option 2: Purchase $120,000 SF...
I recently renovated and rented my first row house in Washington, DC. The deal performed well and I'm curious if ya'll think I made the right decision when it comes to HELOC vs. Cash Out Refinance. I'm new to the fina...
I know of a few banks that still do this, but not many since 2008. I just know from online though. I like to give people experience from people that have had personal experience. Do anyone have Heloc on any or a gr...
Hello Fellow BP members!I have a couple Airbnbs and I am looking to refi my primary residence in San Diego. Can you send over recommendations with lenders or brokers you have worked with in the past? Thanks in advance!
Hey everyone. I am relatively new to investing and brand new to BP. I am almost done with my 2nd flip and have sold what was previously a rental property and should have about $100K cash on hand by the time this one ...
Hi there!
I'm considering offering on a 3 unit property. Two units will be vacant upon closing. I plan to fix up one and rent at market, then house hack in one of the units. The tenant that will be remaining is payin...
I was told by another member of this group how amazing it is and I hope it can help me with ideas or just advice.I'm a fairly new business owner who has taken out SBA 7a financing a few years back. Our first year of b...
hiI bought a property in Atlanta area 5 years agoPrice 40kNoi =7kCap rate = 17.5 percentQuestion: property is now paid offCan I think and articulate , saying cap rate is now 100 percent??
Hello All, I'm looking at my first purchase and based on my analysis it is a good deal. I'm a newbie at this so I'm trying to figure out the best strategy. However, the down payment will be 75k. What are the best w...
My mother passed away August 6th. I am an only child and my father is gone, so I am her beneficiary for everything. The only problem is her home. She has a home here in Houston with a tax value of approximately 101...