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 ...
Hi everyone,
I’m in the process of purchasing my first property, a two-family in Queens NY for 1.2 million. I’ve been cleared to close by the bank and currently waiting for the seller’s lawyer to return from vacatio...
- 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...
Hello. As the title implies, I'm considering the idea of using a HELOC to purchase a first investment property. Any thoughts on this strategy?
Hey Everybody. My name is Luke and I'm starting to get my feet wet in the real estate market here in Charleston, SC. I currently have 3 properties (2 of which are rentals). I took a HELOC out on my current primary res...
I am trying to educate my self on the financing side of the deal and cannot seem to wrap my head around getting a HELOC vs selling outright. Does anyone have experience with how to run these calculations or at least ...
I'm under contract to purchase a 2 family house in Buffalo, NY. I had an inspector check the place out today, and he found CO levels so high in one of the units that he had to call the gas company to come and shut of...
I am purchasing a trailer park for $365k and I have a partner who is putting up all of the cash for the down payment on the bank loan. He will have a loan to the company and we will pay his capital investment back ove...
Can I use a HELOC on my primary residence to complete the purchase of another home which will be my primary residence, paying off the HELOC when the first place sells? Do the rules on this vary according to state?
We have completed approximately 13 Flips & ready to venture into Buy & Holds but would like to understand the process & find resources to assist our Entity in starting the B&H in Indianapolis!
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