Hi everybody! Long-time BP listener, but soon to be newbie investor. I would love any advice you guys have for me regarding my situation. So, I'm currently renting a single family home (3/2 1,800 sq ft) in the Cordova...
I currently own 6 single family homes and 2 small apartments. They are all rented and returning good cashflow. I'm ready to grow. What is the best way to use all that equity to purchase more properties? I have purchas...
I am looking to purchase my 1st rental property using my current homes equity. A HELOC or home equity line. Should I use my same mortgage company I have or should I shop around? Better rates is the end game I assume?
Wanting to get your opinions of if I should take out the equity that I have in my rental properties to buy a home that I'll live in. Also if any of you have done so what were the things that you learned from doing so.
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Hi,
First of all I can't say thank you enough for this message board. I've been a landlord/investor for 3 years winging it more or less (usually less) on my own.
Here are a few questions regarding my situation t...
I found a bank that will do 75% LTV on my property . The problem I am facing now is that the bank says they cant do it, because the property is held in an LLC. Any suggestions or advice would be greatly appreciated...
When you are paying for your mortgage, does that amount paid go in a fixed percentage to your equity and interest in a yearly basis, or it goes first only towards paying the interest that the bank charges?
For examp...
Hello Bigger Pockets community! I am looking for some guidance to fund my next deal. I am a relatively new investor. I purchased a duplex as a house hack in July 2019 and my second duplex December 2020, also a house h...
I’m pretty conservative and seek to buy rental properties with cash or little leveraging but the concept of lazy equity is bothering me. Any thoughts?
I have a lot of equity and want to get into the rental property game. Just focusing on getting one right now and doing a lot of research. Is it a good idea to borrow equity from house to do this. Equity isn’t do much ...