Michinori Kaneko
HELOC vs Home Equity Loan
Hi everyone,I purchased my primary resident in Queens, NY about 5 years ago. Thanks to crazy NY Real estate market, I have significant amount of equity on my PR which i'm considering tapping into to invest in other r...
Yuuj V.
Buy new investment or hold off
Hello BP!At the current moment, I have about $50K liquid. I already have a house with 25% equity on a $100,000. The house has not had a tenant since I finished everything, hoping that changes real soon. (since about J...
Roselynn Lewis
What could go wrong?
Say, I purchase a small distressed apartment complex for 500k that is valued at 600k. I renovate the apartment using an equity line (Is this a good idea, in terms of the source of funds?) My goal is to renovate the ap...
Rick Rucker
Cleveland: The city of incredibly low purchase prices & HIGH ROI
AllAs a lender that's been in not only this market going on 11+ years but California, NJ, FL as well as several other states in the past, I can tell you one thing remains true: Rent rolls are extremely high for the co...
Luke Franklin
First Duplex a bad idea?
After two unsuccessful attempts to buy a SFH (outbid on short sale and HUD home), I'm looking at a duplex to live in half and rent half. I know nothing about real estate and was directed to BP by a friend. I li...
Curtis Steinman
Flipping in a Self Directed IRA
I am looking at rolling my 401k into a self directed IRA with checkbook control in order to flip properties. I will be buying the properties using case from the SDIRA and reinvesting the profits back into it. So I w...
Tom Scott
Direct Mail Tire Kickers
My first direct mail campaign is now beginning its' second month. As expected, most of the calls that come in are folks that just want to know what I am up to. They throw out huge numbers for their properties and hope...
Billie Miller
Moving out of 2 year house hack
The first part of this house hacking success story could have been written a couple years ago, but it wasn't, so here is the final part!We bought a duplex with owner-occupied financing in March of 2015. We had to evic...
Chealsi Stocco
Recommendations in any state to consider buying investment property
I am just starting real estate investing. What are some states (and specific areas in those states) that are worthwhile to research and consider purchasing properties? What are some resources that you like to use to d...
Annwar Matani
How do Hard Money Loans work?
Hi everyone
Can someone explain to me from start to finish how does a HML work? I always get scared when someone suggests HMLs... I literally think of loan sharks or getting your house or assets taken away from you w...