Ryan Huddleston
I Cant get the numbers to cash flow on SFHs. HELP!
I am looking at a few SFHs in C areas to BRRRR. Lets say I can pick one up for 20k (I have one in mind actually) put 10-15k in it and the ARV is 70k and it will rent for 700/month maybe 750. I could refinance and take...
Blake Schreckhise
Using a HELOC to pay off my home quickly.
Just heard about a friend of a friend who is using a HELOC with the intention of paying off his home quickly. The basic idea is that you use a HELOC to pay off your original mortgage. Then instead of having your free ...
Eric Stugart
How to calculate CapEx
Hey all, I read the chapter on calculating CapEx in the BiggerPockets investing in rental properties book by Brandon Turner and it had CapEx at $182 and change per month. But I saw on a recent deal that someone had t...
Dan Verdick
Line of Credit for Down Payment
Hello,
We have our house paid off. At the time of paying it off we took out a line of credit back in 2011. I am looking at rental properties and thinking of using a small portion of this as a down payment. We...
AJ Golden
Cash Reserves
Hey BP,
I'm fairly new and trying to determine how much you should keep in cash reserves. My wife and I have two properties, a 2008 3/2 and 1986 3/2.5, both in Ft Worth, TX. We have not done any type of major capex on...
Edwin Ramirez
heloc and Hud Lien
Hi everyone,
I'm relatively new to real estate investing and would appreciate some advice on my current situation. I currently own a 3-family property, and my primary residence is a 2-family home. Monthly, I'm seeing...
Oscar Contreras
Saving money and getting started in RE
Hello BiggerPockets, This is essentially my introduction. I am brand new to this and I am trying to learn as much as I can before I get started. A little bit about myself, I am 23 years old, active duty in the militar...
Jordan L.
What is your cash to mortage ratio?
Is there a general rule? Should you have enough to pay off the mortgages if you have too? Or enough to cover all properties if they remain empty for a certain period of time?
Christin Nguyen
How To Distribute My Money as a 27 Year Old
Hi everyone,I have been working as a travel nurse for the last 8 months and have started to save a bit of money now. I recently bought a starter home that I plan on turning into a rental within 2 years. Besides the mo...
Ivan Esparza
My Take On Interest Only Loans
My perspective is that an Interest only loan would be among the best way for a newbie to start. If you have vacancies or an emergency.
In addition, you have the ability to stack a small emergency reserve amount ea...