Bob Anthes
HELOC or Refi for down payment on next BRRR
Was going to do a HELOC on my primary for a down payment on my next BRRRR, then pay it back after I refi. I will use PML for 80% of purchase price and 100% of rehabDiscussing with lender on my primary who suggested a...
Chad Fagan
Need advice for financing situation
Hey all,Could anyone offer any advice for this scenario?Primary residence: Owed $6k @ 3.85% worth $515k HELOC against primary: $277k @ 4.0% variable, interest only. Repayment period starts August 2018.Rental 1 (purcha...
Tyler Santos
Research for first RE Investment Opportunity
I am very new to real estate and BP but I have been spending every minute of my free time reading books, blogs, articles, listening to podcasts, and talking to other real estate investors to try and soak up as much kn...
Anthony Colachicco
Suggestions and ideas for primary residence
Looking for some feedback and suggestions on what to do. My wife and I had help from her father with a down payment on our first home (primary residence) 3 years ago. He basically made us do a 15yr mortgage and we got...
Emmanuel Ola
Deciding Between Hard Money Loan and Conventional Loan: Need Guidance
I found a good deal that I really like for $160K, which has excellent cash flow potential. Initially, I was planning for a quick sale and contacted my private money lender for a hard money loan. My plan was to put dow...
Evan McCourt
BRRR cash out refi with LLC
So i am looking for some suggestions on a property that i am debating on whether to keep as a rental or sell to build liquid. My wife and I purchased a duplex for 96k in NJ with each unit having 2 bedrooms and 1 bath....
Amod Karve
Best way to tap into equity
Hi All,
I would like some advice on the best way to tap into the accumulated equity in one of my rental properties. I am close to owning the property free and clear in the next year. The house is currently worth 410K...
Tim Johnson
Insurance for a converted building
Hello BP! I was doing some insurance shopping the other day. We own 5 multifamily buildings. Insurance rates for 4 of the buildings are "reasonable". The fifth building is an older all-brick building. It was orig...
Audrick Brown IV
Rental Rate Index Sources
Hey BPers!!! I have been trying to locate information about rental rates in my local area. I'm just starting out and I've been analyzing properties in the Anne Arundel Co and Baltimore Co areas. I've been able to get ...
Avinash Dongarwar
Financing property in Cleveland
Hi All, I Hope everyone is well. I've a situation in hand. A property in Cleveland has an SFH and a duplex on the same parcel. Totally rehabbed and renovated, the inspection report is clean. My regular Financers are n...