Michelle Harrington
HELOC, Home Equity Loan or Your Savings?
Hello Bigger Pockets Family!
Just wondering, if you are a new investor buying a rental property and you have an equity from your personal home, which one would you use for a DP? HELOC, Home Equity Loan, or your savi...
Kerline Jean- Baptiste
new New to this forum and eager to find a mentor
Hello, my name is Kerline, and I'm a registered nurse who is new to the BiggerPockets forum. I have a strong interest in becoming a real estate investor. Despite listening to numerous podcasts about real estate invest...
Andrea Lopez
Should I pocket my cashflow money or use it for principal payment?
Hi all, I'll be closing on my first 2-family this week and did some initial estimates and realized I'll probably be positively cash flowing anywhere $200-$500 a month. I'll be moving into the basement next year and wi...
Bob Asad
Use SFH HELOC to Purchase 12-Unit Apartment?
Would you recommend doing something like this?
Using SFH primary residence with a HELOC (ex. $425k) to purchase a 12-unit Apartment ($1.5M) with 25% down ($375k from the HELOC).
The remaining $50k from the HELOC cou...
Grant Oberholzer
Single Family Rental in Redmond, Oregon
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $234,000
Cash invested: $20,000
3 Bed/ 2.5 Bath Single Family, Redmond, OR
What made you interested in investi...
Alex Guerrero
Looking for guidance to make the most of my age and situation.
I purchased my home in Elgin Tx in November while rates were low thinking we would be at the home for a while. We will need to move for work ...but where we purchased our home for 312xxx in November, the similar homes...
Reginald Silva
capital reserve requirements for underwriting
Does anyone know how much money an underwriter looks for in reserves when underwriting a loan? I am closing on a $650,000 home in 25 days. My all-in cost is $19,500 which I have currently and I am considering taking a...
David Sun
How to do cashout refinancing without substantial reservers?
Guys,I have quite a few properties and each of them has enough equity to do cash out refinancing. However, my cash in-hand cannot cover the 6 month reserve, which is required even for cash out financing, as some loan...
Rafael Pinho
DSCR mortgage, non-resident
Hi all,
I'm an architect and developer based in Europe and considering investing in the US - new builds and BRRRR.
If I bought and renovated a property in 100% cash, would it be possible to refinance with a DSCR mo...
Julian G.
New to BP! From Connecticut
Hello BP!
After reading many post available on this forum, I've decided it's time to sign up! Time to ask questions and learn more!
Here goes, My name is Julian, 29 years old (Next week!) and I am from ...