I have a question...if your target is to pay only 80% of the homes value, can you take that equity and use it as a down payment instead of coming out of pocket or using a lender?
Hi! I’m new to Bigger Pockets and happy to be here. I am gearing up to buy my first rental property within the next six months. My husband owns his own small business, and I am forming a LLC in my name to keep the ren...
Hello! Thanks for reading this and for the help. For all you short term rental owners out there, when you are calculating your return (cash on cash) are you including principal as an expense, income, or deferred until...
Hi everyone! I recently found a MF unit that I’d like to house hack, 3/2 in the front and 2/1.5 in the back. There’s still more research I have to do overall regarding the property itself but in general I’m having tro...
I am looking to put down 20% down payment to buy a 4 unit building. Is it a good idea if I don’t have the 20% for the down payment to use a hard money lender or raise capital for the down payment? Just trying to think...
I have a tenant in place section 8 and I would like to know which payment app or website is best for tenants.
I started a new lease with a new landlord in November 2022. We have a written lease. On the lease, the landlord requested cash payments monthly, which I agreed upon, under the conditions that I 1. Receive a dated rece...
Hello everyone!I'm beginning to scale my rental portfolio and using funds from a HELOC to cover cash to close on my properties. I was using HELOC payment calculators online to gauge the cost of the cash to close per p...
Hello all,I’m fairly new here and this is my first post. I own one rental property and am looking to get another shortly. I was able to find a lender too to give me a heloc on my rental property and I plan to use it f...
Looking to get my first property in the coming months, and a HELOC is my best financing option. Looking for a little advice on how to choose a HELOC based on making payments.I can get a $70k LOC with a 95% LTV heloc f...