I have a 31k HELOC @ 4.75% on a rental. No cost to me. Cash-Out-Refi is 7k closing cost for only 17k. Don't want to bother.My plan is to use the HELOC as 20% down for a Conventional Investor Loan to acquire my 3rd ren...
Hello,My name is John and I currently live in Crown Point, IN which is an exburb of Chicago. I found this community after reading, "The book on Managing Rental Properties" which led me to the Bigger Pockets Podcast. I...
Hi guys hoping to get some feedback on an offer from TIAA for a cash out refi on my residence. It looks expensive, especially closing costs. I'm trying to position myself to have as much cash on hand as possible in th...
I am 16 years old and started reading financial books (Rich Dad, Poor Dad, Cashflow Quadrant, etc.) at 15. have 2 index funds set up (one for retirement) and am generally pretty far ahead. I came across rental proper...
Although it is not as bad as some college graduates I have acquired my share of student debt. My question to BP: is it more beneficial to save cash as a down payment on a first property or start cutting in whatever I ...
Hi BP! Much of what I've been researching has shown that the best way to prepare for the (potentially) upcoming market downturn is to save cash and open up lines of credit where possible. I went through the process of...
I am in the process of buying my first home with my VA loan. I will be renting every bedroom to friends and making roughly $1000 a month cash flow. I have W2 income I can live on and also save extra money with. I pla...
Hello BP, was wondering if I can get some advice. I saved up a significant amount of cash but it’s not in my bank account. I do have some in there and I have been slowly putting it in and I also work so I can show cou...
Hello to all! I'm a freshie here, and fresh to the whole real estate learning journey. my subject pretty much says it all. should I keep as much money as possible that I make, and opt not to contribute to a 401k? or w...