Stacy McElroy
Funding for Storage Units
Has anyone used a Private Money Lender for the down payment on a storage unit business? I'm wanting to get into the business, but I'm short on funds. Any other ideas on financing the purchase would be greatly apprec...
Nick Burkhardt
Help me figure out how to use my Equity to build!
Hi all,I own a single-fam worth $450K (owe $300K @ 3.5%) and a triplex worth $775K (still owe $318K @ 3.25%) in Scarborough ME. I am looking for some creative ideas or combination of loan types to put me in a position...
Scott Trench
Is this the Ultimate Colorado House Hack Idea in 2024?
I was recently talking to a graduate of one of the military academies who will be moving to the Denver/Aurora area at the end of this year. We were brainstorming house-hack ideas. We arrived at this as the hypothesis:...
Chris Jordon
Purchasing Second Porperty
Hey BP,I'm looking for thoughts and opinions on how I should maneuver the next move in my real estate journey. I'm currently undecided on the best route that I should utilize to purchase property number two because th...
Marwan Marzagao
How to structure a creative purchase..would love some thoughts
I am currently looking at a property that falls into my portfolio in respect to location, property and potential ROI. The owner needs to sell because he manages remotely and he is tired of dealing with it. Unfortunat...
Nicholas Guy
Newbie looking to start networking AZ, NV, CA
Hi everyone, I'm Nick and I have been on BP for a few months and just taking it all in. I have been doing my due diligence and trying to read, meet listen to all things investment for the last year or two. Real estate...
Joe Nelson
Primary Home equity access???
Good morning everyone, I am curious about pulling equity out of my primary to have down payment funds on some turnkey buy and hold properties. I am looking at 3 different options to consider: 1. Traditional HELOC, 2. ...
Adam Davis
Can I Get Financing by Getting a Loan That Pays Off a Second-Position Loan?
I have a cash-flowing property with roughly 50% equity, and a 100k HELOC in 2nd position. Can I get a new loan that encompasses the remaining balance, equity, and the HELOC, and gives me the remainder in liquid cash? ...
David VanWert
Expanding strategy Refi/HELOC Advice
Coming into a piece of property in Friday Harbor Wa that we are going to convert to a STR. The property has a significant amount of equity with debt of around 150K and value of about 700K.
Question is, would like to...
Eric Edling
Accessing equity with bad credit
I own my house for about 360k and it’s worth near 1 million. I have found my self in a terrible financial situation. My credit is around 500 and I am behind on my house payment. However, I have started a great new car...