I was wondering if anyone could give me a simple definition of what "leverage" is? I tried to google it, but I am still slightly confused. Any simple example would be great too!
I am looking for some opinions. I have 9 SFH properties, each paid for. I have found another rental house that I would like to purchase and have an unused equity line on one of the other rental properties that will ...
Mechanistically, how does one leverage existing rental properties in order to secure more money for down payments in a buy and hold strategy?
I have been buying and holding in SC for the past three years, but I would love to grow my my portfolio to include multi family units and eventually apt complexes. Any advice on how to leverage my current properties i...
Why Does Leverage Help You Become Successful in Your Business?
I'm refinancing a residential rental property, duplex, that currently has 11 years left on a 15 yr loan at 5%. I can get a lower interest rate at 15 yrs, but the monthly payment will still be a little higher than wha...
Greetings BP'ers,
As I am ready to purchase my first rental property this year, I am wondering about leveraging debt to buy homes. I am a regular Dave Ramsey listener. He always talks about avoiding debt leveraging t...
Hello everyone! I am finally at the time when I feel ready to purchase my first investment property. I have a couple of houses picked out that look great when I run the numbers. I am pre-approved to make the purchase...
Hello all,
I have been looking in the northern NJ market for a multi family house to use as a rental property. It has been almost 2 years and I was able to submit a handful of offers and in 2 occasions was close to b...
My home is paid off, and I'm taking 80% out of my house in a 30 year refinance loan. My plan was to purchase three - five SFR's for cash using 20% of my own cash and 80% from the refinance loan for each purchase. Tha...