Hello, so I’ve found out that you can’t have a heloc on a rental. This my situation I have a primary residence worth about 630k and owe 360k. My investment property is worth 340k and no mortgage, generates $2200 rent....
So as I have started to invest in real estate in the beginning I was so worried about making sure that it was making a really good cash flow. But now I am more interested into building up Assets and expanding my portf...
Newbie here to this site...first time posting. My questions is this: Is it smarter to purchase a property outright vs. putting down payments on more than one property. I understand that paying off a property means p...
Hey all,I bought a foreclosure home using cash, about a month ago. Fortunately it does not appear to need much repair/renovations. I will not know the finer details until I get the former owner removed (in the process...
Hello Biggerpockets,I have a duplex worth about 375K. I owe about 225K. I am interested in doing a cash-out refi. Do you have any recommendations of lenders with the most competitive rates/terms in Oregon?
Hey all, wondering what the best business or personal credit card would be for STR. I saw Lowe's gives 3% cash back on their purchases, I already have an Amazon card with 5% back on amazon stuff, wondering if there's...
What is considered a good cash on cash return? Also, what is everyone's opinion of rabbu.com and the accuracy of their property analysis and projections? Does anyone have any other websites or processes that they use ...
I have been trying to figure out my ultimate goal in REI. So I ask what is more important Net worth or financial independence? Would love some input.
Hey all,Could anyone offer any advice for this scenario?Primary residence: Owed $6k @ 3.85% worth $515k HELOC against primary: $277k @ 4.0% variable, interest only. Repayment period starts August 2018.Rental 1 (purcha...
I'm a first time investor, about 40 years old, looking to take over a family property. Property is worth about 600k market value. We feel good about this as it almost sold awhile ago for this exact amount and has b...