Wassim Moukarzel
how does refinancing work?
Hello, I am just starting my real estate career (I bought a couple of best selling books and started reading) and have a question regarding refinancing:1- If I understood the concept well, refinancing is great in real...
Andrew Michaud
How much are you netting per door? Location?
I am comparing what I am making here in Maine to the difference in other states. I feel I am doing pretty well, but may be wrong. The difference with Maine is our properties are much less expensive which helps our mor...
Chivas Miho
Promissory Note instead of Partnership LLC?
Hey BP, I know this partnership subject has been discussed thoroughly throughout the years, but hoping to get some advice here. I have a coworker that I've been discussing real estate investments with for the better ...
Will Dixon
Cash Out Refinance on Owner Occupied 3 Unit MF
Hello BP,I am looking for some strategies on how to approach my refinance...I purchased this property last year with a loan from a relative. It is a 3 unit property with a main home and two smaller "cottages". My plan...
Tim Callahan
Looking for advice on my next move (buying rentals in other markets?)
Hey everyone,So far, we have completed 3 rehab projects in the past 2 years locally in Southern Maine, and I find myself being burnt out because my partner and I have done a lot of the work ourselves to save money. I...
Michael Martin
Invest money in the market or purchase 4 plex.
Will be inheriting 90K in the near future and trying to figure out the best place to put it. My advisor wants me to put it in the market naturally. I am 55 years old in South Louisiana and have 7 other rentals. I am l...
Jessie Creighton
Multis after the first year
Hi Maine people, Here's a silly question- say I'm going to purchase a move-in ready retail-priced duplex to live in. After the first year I decide to move out, say it cashflows but only slightly (200 a month?). Will I...
David M.
Need access to a Heloc
My wife and I rehabbed a property 6 months ago and rented it out way above what the mortgage is. Current Mortgage is $460 and the unit rents for $1500. We want to take a heloc out on it to pay back her parents who hel...
Aidan Alexandre
Where To Borrow For LLC
A friend and I have started an LLC to begin real estate investing. We plan to flip houses to start and eventually branch out into different forms of real estate investments. We are approved for a HELOC of $100,000, bu...
Swaga Deb
Debt to Income Ration Problems?
Hello All,Fairly new investor here and I just finished my first successful BRRR. When I went to refinance I was told my Debt to Income ratio is off and I wasn't able to pull the full 80% out. (That was about a month a...