One year ago, I took out a HELOC on my personal home to buy a condo. I rehabbed and rented it. The loan and the condo is in my name, not an LLC. The condo has now doubled in value (from ~$200k to ~$400k) due to the...
I have a wealthy (and nice and often loans money to others) family member who I could potentially use for purchasing rental property. One of those - I would utilize them for the BRRR process. Would this just complet...
Hi everyone, I have been silently observing here on BP for a little while now, rapidly educating myself on all things REI. I am a Realtor working to make the transition over to real estate investing. My ultimate goa...
Hey all! West coast out of state investor here looking to purchase my first rental. I've looked at a lot of resales and with the high interest rates, I'm wondering if I would be better off purchasing a home that is n...
Hey Everyone! I'm in the process of applying for my first HELOC and have a couple questions: I've called about 10 banks and compared the terms and this info is the best out of all of them:Variable interest rate @ prim...
Hi,
Can anyone explain how some lenders are offering low interest 3.5-4% but I need to pay for points or upfront costs? What does the points actually do? How does this method of lending affect a 30 year fixed?
Cheers!
I know nobody has the crystal ball but I am curious about your thoughts and past experiences of the market and RE interest rates. I have two different owner carries loans on two different 4 plexes. One rate is 4.75% a...
Hey guys. I've been analyzing some deals in Memphis that appear to be over the 1% rule but do not appear to cash flow? I just wanted to make sure I'm doing this right or if I'm overestimating some things here. ARV of ...
Hey BP,
Looking for a little advice on this property. Its in east Columbus where a lot of investors seem to be focusing. I’m curious if I’m speculating too much or if my lack of experience is showing. My plan is to u...
If you are trying to dump 18,000 houses, I guess you start with 2,000 going to a New York City-based investment firm called Pretium Partners. "In the transaction with Pretium, Zillow received market price for the prop...