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I'm wondering if anyone has had to give a personal guarantee on their existing debt in order to obtain more financing?
I currently have (1) FHA mortgage, (3) Freddie conforming mortgages and (5) portfolio loans thr...
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I’ve been saving and working on my credit profile with the goal of acquiring my first cash flow property by EOY. What’s the minimum credit score/capital saved you recommend I have before starting (I’m fresh out of col...
I have $60k.Should I use this money to pay off current mortgage that generate $1500 rental income a month or should I use 60k as down-payment on a rural home, fix and flip?Thanks
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Hi everyone,I'm new to the biggerpockets community. It's been years since I have been involved in REI but I am ready to get back in. I failed the first time around and quit because I was weak and fearful. Since then I...
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So I have a choice to make. The two options are very different, but can both be quantified, so they may be comparable.
1. Pay off my car
I owe $7,085 on my car, and monthly payments are $236.
That would m...
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I am looking for advice and ideas from those with experience with 1031 exchanges. I have a family member in the process of selling their business and was recently advised to consider a 1031 exchange for the portion of...
Hi all, I have two properties that were part of a 1031 exchange I completed a few years ago (sold one property, bought two). They are now in an LLC, and I am looking to sell one of those two properties in order to pur...
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I feel like the obvious answer to this question is to get rid of the debt, right? but the $7000 to pay off the vehicle will only save me about $600 in interest whereas investing that 7k into another home or renovation...
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I'm going to be selling some land that I own w/o a mortgage and will be doing a 1031 exchange with the proceeds. Am I allowed to finance another property with the proceeds? For example, my proceeds will be about $20...
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I want to purchase my first property in the next year or two but not sure on if the timing is right because of my current situation. I am 25 years old, currently have student loans to pay back, and live in the downtow...