Debra Lamm
HELOC vs. unsecured line of credit for rental
There is no question that I have to use OPM for this venture. My big question right now is HELOC vs. unsecured line of credit. The goal is to purchase a B/B+ rental that does not need copious amounts of repair. Sho...
Bobby Paquette
What is the Best BRRR you have completed?
Where do your BRRRs stack up? What is your best BRRR, what were the numbers, where was it?
Wes Brumit
HELOC or not to HELOC
I've recently seen people giving advise to take out a HELOC as a means to pay your normal everyday expenditures including bills, and at the same time, taking your paycheck from job and applying it every month towards ...
Brannon Harnish
Silent Second Lender
Hi all - I am a real estate investor looking to grow my portfolio. I have about $100k available in cash to buy my next few investment properties. I am looking for turnkey homes in the $60-85k purchase price range ( I ...
Rick L.
Line of Credit?
A close friend of mine in the banking industry has pointed out that I should open a line of credit using a recent appraisal of a property I had refinanced demonstrating considerable equity. He's stated I would be ...
Swati V Patel
Use IRA LLC to purchase my current primary residence
Hello everyone.I will be moving out if state over the summer. I need recommendation on what are best options for my current primary residence. Right now I owned with my husband. We need upfront investment to start new...
Drew Eldridge
How would you handle this?
I was recently posed a question and I'd love to hear your thoughts? Let's say you have a typical small portfolio with buy and hold properties that are leveraged (let's say 70% LTV) but own one property outright. And...
Jose Medina
I own a house but don't live in it
Hi I just wanted to talk about this with you guys and get some suggestions I have a home I all ready own but I do not live in my in laws do I rent an apartment somewhere else and now I want to start flipping houses i...
Mohammed Quadeer
long term carryover loss to offset depreciation recapture
- Purchased strip mall in 3/2003 in Chicago, IL for $4,800K- Sold it in 11/2017 for $4,660K- Closing costs for purchase/sale $600K- Capital improvements $300K- Total depreciation claimed over the years $2,300K- H...
Tom Kaz
Cash out refi scenario HELP
Hey BP,
So let me give you the run down, I currently have a HELOC pulled on my primary mortgage for about 74k (total credit line of 80k) in which I used to purchase my second 4-plex 6 months ago. I close at the end ...