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I just got a quote from our lender on a rental property. Is this typical with what you guys are seeing in your area? Also are you guys getting a better interest rate?5 year balloon at 5.711 interest rate Amortized ov...
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I'm a rookie investor who has come across a deal that seems to work well, but I could use some assurance or advice. Here's the sitch...I come upon a property in Alabama from a wholesaler for 37k. Rehab estimate is 2...
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Hello BP Family, I recently opened my first STR property, which is owned free and clear. I'd like to use the equity to invest in additional properties and received the below loan terms from my local credit union. I'm...
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Hey all! My wife and I plan on moving to Grand Rapids in the next couple of years. She grew up there and her parents live in Eastown. I’m somewhat familiar with GR, mainly Eastown and the surrounding neighborhoods. I’...
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Hi,I'm at the phase where I'm looking for real estate agent. Sometimes in the interview process, an agent will ask for a pre-approval letter. My pre-approval letter lets me edit the offering price and exact address, b...
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Hey BP Folks, My first post! Looking for a lot of help and advice so thanks in advance for anything you guys are able to share.Essentially to sum up I am a foreign national looking to understand how this impacts my ab...
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Hi, all, A few years back, I had a HELOC $150k on my primary property that I have paid all the balance, but not closed yet. I keep it around just in case I need cash. But now since my house value has gone up a lot, ev...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $360,000
Cash invested: $50,000
This was my first purchase in the short term rental arena. I had read a lot and wo...
Are there options for HELOC with little income and good credit?. Paid off my mortgage for my house a few years ago. For my income, have an okay gross income but when deducted shows little income. Have an above 700 cre...
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Good evening Biggerpockets!I'm seeking help to pull out money from a few properties I own.1)Theres no mortgage on this one property and both units are fully rented out.I want to take out as much as I can with a HELOC....