Nikolas Komatina
Finding a property that cashflows
I have been trying to find a property that cash flows. The market that I am looking at has an average price of $360,000 with an average rent of $2,200 which does not have a very good rent to house price ratio (2% rule...
Kevin Charles
HELOC vs Home Equity Loan vs Cash Out refinance
Hello BP,
So I have a sfh rental property that I am expecting to pay off fully in a few months. My plan is to use the equity in the rental to purchase additional rental property. What is the best way to pull cash ou...
Bhrgu Itwaru
Looking for a Helco on my LLC - which owns my rental property.
I have a rental property in an LLC own by both myself (49%) and my partner (51%), I will like to get HELCO or CELCO. I currently have a mortgage of $25,000 on the property, the property value is around $220,000 to $24...
Megan Hirlehey
Home Loan Vs. HELOC?
Hello,
I've found a deal I'm interested in and am planning to finance it using the equity in my primary residence (currently, I have no mortgage on it so this would be the only loan against it). I thought a HELOC wou...
Tim French
Potential Investment Efficiency Analysis
I'm working on a project for my master's degree in applied math; in particular, it involves being able to consider multiple factors at once to rank potential investments for which one yields the most efficient return ...
Tim C.
Moses! Can a bank actually do this???
I'm a small-time side investor with just a couple rental properties in NE Ohio. Two rentals are enough hassle for me and I don't plan to buy more unless it's a deal that's impossible to pass up. I occasionally scan th...
Brian Kwan
How to Calculate Cash on Cash for HELOC?
Hello,There's a duplex that's going for $250k, with gross cash flow at $1900. Vacancy at 7% ($133), Insurance $70, Maintenance / CapX at 7% ($133), Taxes $75. I've got a HELOC that lets me borrow up to $63,000 at a Va...
Michael A.
Is it a good time to look into HELOCs?
Hello,
Here is a bit about my situation:
In Los Angeles, California, here. Family owns 3 income properties in LA, all free of debt:
19-unit Multifamily ~ 3.8MSingle family Home ~ $1.6MSingle Tenant Commercial ~ $1...
Q. T. Van
Getting a HELOC to invest in my first multifamily property
Any recommendations on getting a HELOC on my residential home to pay off the debt faster and use the equity to purchase my first multifamily investment? Do you recommend using companies like Replace your Mortgage and ...
Bob Langworthy
Locking in at a higher rate?!?
This is such a simple question, but I'm interested in hearing from others who have been down this road before. Current mortgage on my commercial office building is at 4.125% fixed until August 2022, then variable at P...