Ram Put
Buying rental property - Refi or HELOC
Hello, I am a newbie here and looking for some advise.
I am currently living in my primary residence which is of value around 650k. I still have mortgage balance around 280k .As I am planning to invest on rental prop...
Frederick Laura
Where to go after purchasing 8 rental properties
Since 2016 I have purchased 8 rental properties in Florida. I have good tenants and the monthly return on all the properties is good. The loan officer I have used for the purchase of all my rentals and primary reside...
Chris Sparrow
HELOC on Primary Home for Investment Property
Hello BP Collective! I just looked into getting a HELOC on a primary residence that we just purchased in January. To my surprise we got approved. My initial goal is to pay off a family member that loaned us $50k to ...
Stephen DeFalco
How to Find Rent Friendly HOA's
With my current capitol I am looking into purchasing another condo as my next income property but weary of HOA's as there have been a lot of HOA's cracking down on mid-term and long-term renting through policies desig...
George Faulkner
Need advice on loan issue
Hello my name is George. I am buying a 4-plex in Frankfort Ky. I am doing a 30yr fixed convictional loan and am scheduled to close in less then 2 weeks. Today the Leander told me that I need to show more reserves for...
Brandon Dubisky
203k advice for a 1st time investor
I'm looking for advice to acquire a 203k loan on my first investment property. I know I have to live in it and that is my plan, but how long do you have to live in it before you can sell? Any recommendations for 203k ...
Matt Herbert
Capex, Opex, NOI and more
I'm trying to understand how capex reserves factor into NOI, Cap Rate, Debt Service Ratio, and other metrics. Lets assume the following yearly numbers for a Single Family Residence (these numbers are made up, try not ...
Walther Mendez
Rental Unit Question
Hey Everyone, I am looking at renting out my townhome in February/March 2018. I would like to save about 4 months worth of mortgage payments before I rent it out. It is currently my primary residence and my wife and I...
Greg Gangle
Pay off current mortgage or ...?
Hi EveryoneThis is a question I’ve been pondering for quite some time now. Currently I owe roughly about $300K on my principle residence. Over the past 1-2 years I’ve purchased 5 rental properties that all cash flow w...
Austin Stuart
gift of equity rules? 1st purchase very green
As the title says quite new to the world of real estate. I’ll try to keep it short and too the point. I would like to purchase a home from a family member in the next 6 - 8 weeks. Home hasn’t been appra...