Christopher Winkler
When Is A Re-Performing Note A Performing Note?
We are marketing some Re-Performing 2nd lien notes for one of our funds we buy from, and I consider any time a note defaults and starts paying as a Re-performing note. They have 18 months of "seasoning" and they say i...
Adam Keffer
Using a HELOC for Down Payment on a Duplex
Hi All,I've been looking at potential investment properties, mainly duplexes, and want to use the HELOC I have set up on my current residence (owned free and clear, appraised at 165k) for the down payment. The HELOC ...
Ryan Anderson
Please Help Me Evaluate HELOC options!
Hi BiggerPockets friends!
I am currently shopping for HELOC lenders for my primary residence in the hopes of leveraging the HELOC for real estate investments. I've spoken with several lenders so far, and am trying to...
Brandon Rabe
Need some input on helping out family
So here’s the situation, my parents are financially strapped and are considering selling their home to me so I can rent it out to them for less than what they’re current mortgage payment is. I’m not so interested in b...
Tyler Fischer
Analyzing Syndications and Paying Investors
Hi all,
I have two questions regarding the financing associated with syndications. First, I'm breaking down the costs into 3 broad categories: the purchase price, the closing costs, and the rehab costs (if any). For ...
Paul K.
Raised rent 3 months ago starting May 10th
Hey BP community,
I raised rents by 6% on February 1st taking effect starting in May. Now Corona has hit and one tenant says she can't pay and the other just paid the the old amount. Question is should I still enfo...
Nick Mcroberts
Using second mortgage for down payment
Hey everyone! So please forgive me I’m a newb but was wondering if it’s possible to use a second mortgage to pay for the down payment of the first? Assuming that there’s built in equity off course. I thought I heard i...
Michael Hollingshead
1st Rental Property - Kansas City
I have a basic question. How can I invest in a rental property in Kansas City without providing 20% down? This rental property will be my second mortgage, so a few lenders I have called thus far require 20% down. Do I...
Dan Brindley
Does 2% rule apply to financed as well as cash-bought home rentals?
This may be a silly question, but does the 2% rule apply to homes that I would buy outright?
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One more thing, is the 50% rule only applicable to financed rentals? Be...
Ty Monroe
What are the costs to consider?
Hey! I quit reading about REI a while ago, but now I'm back and wanting to learn even more! I decided that multi family house hacking was my cup of tea, I would just like to know, what costs are involved in buying FHA...