We have bought a few flip houses over the last few years. Every time we use the HELOC in our main residence to buy the flip house for cash. I renovate it, sell it, and then pay back the HELOC. Its always been great...
Hello BP,
I am in the process of closing on a commercial refi loan on a property. When i had bought the property cash, i had formed an LLC but ended up not using it as i didn't want to roll the property into an LLC a...
So i was talking to a guy from a company, they fix credit, help with business credit and loans. I'm interested in getting some business credit cards, so i was discussing this with him. He said based on my info I shoul...
We are in a situation where we have built a good bit of equity in our current primary residence and are trying to figure out the best method to leverage that equity to continue building our portfolio as fast as possib...
Hello everyone,
My wife and I are looking to get our first home as a house hack in NJ. Our goal is to live in it for 1-3 years and resell. I'm also interested in looking into getting an investment property outside o...
After living in my househack for about a year, I am currently looking to purchase househack #2 and move into that one. However, financing has been much harder this time around because banks cant seem to recognize the...
Hello!I've been a longtime lurker but this is my first post to the community. I have some questions regarding some goals I am trying to reach within the next 3 years. I'm seeking critiques, ideas, and basically want t...
Hello. I had a house in the suburban Chicago area for 5 years. The first 3 years it was a primary residence. Then once we decided to increase our family we bought a new house and converted the first house to a rent...
Hello everyone!! We just closed on our 5th investment property and our first long term rental. The 4/5 are short term student rentals located in Flint, Michigan. Currently we don't have loans tied to any of the proper...
Been doing a little bit of reading of Ray Dalio. He argues that the economy goes through short-term and long-term debt cyles. The main idea is that debt cannot significantly exceed wage growth or a bubble is crea...