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Results (10000)
Account Closed HELOC For Down Payment
24 February 2016 | 5 replies

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...

John Carroll Newbie living in Northwest Indiana Chicago Area
12 May 2018 | 4 replies

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...

Steve Pickenpaugh cash out refi a good deal?
15 April 2020 | 4 replies

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...

Rowan Klecker How Should I Start Out at 16 With No Money
7 August 2024 | 8 replies

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...

Jarred S. Loans vs. Savings
23 January 2012 | 8 replies

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 ...

Blake Dowe Is this HELOC worth it?
11 July 2019 | 11 replies

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...

Scott Diller Should I save house hack cash flow or pay off house for #2?
25 January 2021 | 4 replies

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...

Danny Lee Saved up significant amount of cash but it’s not in my bank acct
5 December 2020 | 1 reply

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...

Vincent Dych keep and save my cash, or invest with 401k before my first buy?
26 November 2018 | 4 replies

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...