Drew Hollowell
Should I pay off primary residence mortgage and make it a rental?
I have researched a number of real estate investing strategies and like the idea of having high cash flow with little debt and little to no risk - (who wouldn’t!) to achieve this, I am considering paying off my curren...
Amanda Hoening
Buying investment property prior to primary residence
I am planning to buy a few rentals prior to buying my primary residence. To anyone who has done this, my question is this: what issues did you face when you went to finance your primary home?
Dan R.
Short Sale Wells Fargo Freddie Denied
Hi, I had a short sale approved thru Wells and the seller is current on mtg but showed a financial and medical hardship. The home is a second home, condo- not primary residence. We had a agreed upon selling price a...
Kevin Allen
Do you have to register your properties with your city?
I live in Louisville, KY and they ( the city) just recently started to require all rental properties to be registered with the city. I have spoken with a few other landlords and no one really knows the purpose. Its ...
Johnny McKeon
Quoted over 8% interest rate for owner-occupied fannie mae 5% down 4plex
Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of Arizona
My middle FICO credit score is 759
My cur...
Samantha L.
75% of monthly rent is added as debt?
I own one rental house. I owe 60k on it and it rents for 675/MO. My husband owns our primary residence. We owe 125k and it is valued at 170k. We applied for a 40K HELOC to finance our next rental under that house. My ...
Mike Malfitani
How long do HELOC funds need to "age" before using for investment
Hi all!This is my first thread on BP as I've been spending the majority of my time researching and reading on the forums, however I do have 1 quick question i was hoping you all could help me with.I intend to use a HE...
Mike Matern
HELOC as Down Payment on Duplex
I'm trying to purchase a duplex with my parents. They are considering getting a HELOC on their current home which is paid off in full. The duplex is for sale for $300k. Is it possible for me to get a conventiona...
Yadira Gutierrez
BRRR Refi - Please explain!
Hello BP Team!
Looking for a more detailed walk thru the refinance part of the BRRR…
How is the qualification process? I know that that the concept is that I cash out and get the new property…however, since these a...
Ariela Perez
HELOC and HEL on Primary and Conventional
Hi everyone!I am new to investing and to BP! So happy I have found this forum!I have a good amount of equity on my primary home and currently applying for a HELOC. I have a high interest rate (4.375%) on my 30 year bu...