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...
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...
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...
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...
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...
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...
Kamal Sharma
HOA Special Assessment
Hi,I live in a condo unit in San Mateo, CA county. The HOA is planning a special assessment of over 50K per unit for major repairs ( some of them cosmetic). The HOA decided to do a secret ballot voting and 25 out of 4...