What are the pros and cons to pulling out a line of credit on a building versus refinancing? Wouldn't refinancing be more beneficial since you can individually pocket some of the funds tax free? I am aware that refina...
Hi all, need some advice. I am looking at doing a cash out refinance / portfolio loan for 25 years at 7.5% interest on 5 of rental properties. Be nice to get 30 years if possible but no one local does that. My paym...
I own a bunch of rentals free and clear, and I'm looking to free up some cash so I can buy a few more. I'm looking into blanket loans -- one loan for multiple properties. I figure this will save me some closing costs....
Hi Everyone,I'm new to this forum. I have few questions regarding the potential development of a multi-unit apartment building in Los Angeles.1. What's the approximate cost per sq ft to build 3-4 story building with...
Hello BP,This is my first post although I’m on the edge of about three years in to bigger pockets and all things rental. I have a property I inherited. The property is 17 total acres. On the 17 acres there are four lo...
Hello All,I currently own an apartment building in which has four units. Unfortunately the building has one water meter and line which provides free water to the tenants. I had new tenants move in and I believe they a...
I'm considering a strategy of applying for and (hopefully) opening multiple personal credit lines totaling at least $100k, and using them to fund 100% of my rental purchases & rehabs. This would be as an alternati...
Hello BP ! Can some one suggest me in the following situation what will be The Capital Gain Tax !! I been waiting to hear from my CPA and have to make decisions ASAP.Date of purchased:- 2011 lived as a primary residen...
I have 20+ sF D, C and B propertiesI own several of these properties in my name, some in a LLC , some that I purchased with credit card debt and some that I own free and clear with no associated debt. I'm looking to ...
Hello All,
So I went and saw a property yesterday that I think will be perfect for my SO and I! BUT I need to figure out the numbers first to make sure it's an actual property that will "work" for me.
T...