Is it a good idea to use an interest only mortgage to finance a first time investment property?What are the pros and cons of an interest only mortgage?

Hello all,I am brand new to the forum. I live in Portland, Oregon. We are looking around to buy small land and rent out for mobile home park. Is it a good idea for mobile park investment? I have two properties and pla...

Hello everyone, with the rates higher in this period compared to the last few years, i was wondering what would be the better option between a cash out refi or a heloc i have a property that i owe 314k and the apprais...

hi, I'm new here and looking for some insight and advise I'm looking for some advise on how I should finance the perches of my parents home. here's some back round info. My parents are selling there home and moving aw...

I stumbled on this thread, and there are a lot of excellent suggestions long-term, some I was thinking about as well. I have two core questions for the short-term. First some stats:
I own a home (my first and only) a...

Hey BP community.   I am wrapping up renovation on a rental (running out of capital fast!) currently.  I had an existing plan but I wanted to run it by the community and hopfully you guys who've done these in the past...

Investment Info:
Single-family residence other investment in New Caney.

Purchase price: $45,000

Cash invested: $33,000

Have land currently under contract for 45,000 to build a one story 2622 sqft s...

I’m planning to start a fund for $1mm only to buy residential properties and then using the BRRR method. I believe I can buy 6-8 houses with that, rehab and then rent it out, with a decent cash flow after mortgage. An...

I have a rental property worth around 250k with 86k left on the mortgage. I'm planning on taking out a heloc of around 90k. Then I plan on flipping houses. I have a hml that is willing to put up 90% of the purchase co...

I have two single family homes a recently purchased.  Both are cash flowing nicely and I am wanting to go forward with a third.  Problem is I am running out of funds.  The way I see it, I have four choices.  1) Tap i...