Olu Efunwoye
Need to pull out equity to fund the next deal
I owe a mortgage bal of $126k on a property worth $375k and have about 8 years to pay it off; rate is 3.37%.
I need to tap that equity to purchase other properties. The options I'm considering are:
1. HELOC at 75%...
Kirk R.
VA Loan Questions - Refinance - Closing Costs
Hi,
I am a Veteran but have a conventional mortgage of $55,000 on the house financed @ 5.5% for 10 years with $550 in payments - Taxes are $1800 and are not escrowed.
House is worth between $80,000 & $120,000. $2...
Brenda Walker
Sell or rent high interest
With present economy, my interest rate is now 8%, which is costing me 1,000 a month in interest. Some months I don’t make but interest only. It is my primary home, which I haven’t moved past this stage in investing, ...
Steve Pool
ROI on 250 units
I have a 10 percent interest in a nice apt complex in an upscale part of Milwaukee. We have run 97% occupancy for several years and so have competing properties. It is in great shape. Our property manager has suggeste...
Demetrius Morros
Getting money out of a C corp and avoiding double taxation
I am an investor who is in a higher tax bracket. I am working with a tax attorney who is advising me to form a C corp. I can do my flips and wholesales through the C corp and lower my effective tax rate. I know ...
Bhargav Hirapara
Refinance for Short term rental
I am looking for refinance short term rental. Property value around $1.3 million. Great STR income with 7-8 months of history. Looking for suggestions and recommendation. thank you
Ryan Prichard
130+ Unit Purchase / Lending Help Needed
Hey BP Nation. I'm looking to purchase into this asset class and need help landing the remaining $4.3 mil of a $12 million deal. $7.7 million is required to be an assumed mortgage or seller cannot sell. (They can but...
Zackarias Aitchison
What Do You Like To See In An Investor Package
Hey!I want to create a strong investment package to send to possible investors. For single-family and small multifamily investments, what numbers do you like to see as proof of the investments worth?Thanks in advance ...
Justin Ullum
Triplex Insurance question
Looking for some some suggestions on insurance companies to insure a Triplex in Nitro, WV. Just trying to make sure I have a competitive rate. Also, does it have to be insured as a commercial building. Any feedback ...
Ramez Qubain
How to structure a deal between two partners, one with cash and one with good credit?
Hi Bigger Pockets Community, I have a business partner who wants to partner with me in buying a rental single-family home, however he has cash but no credit and i have credit but no cash. How would you suggest doing a...