Michael Mulroy
Strategy for Property #3
I am looking for advice on adding my next property. I currently have two condos with the following financials:Unit 1: cash flows positive $235/mo, with about 10 years left on the loan ($23k remaining at 3.84%)Unit 2: ...
Michael Montana
Cash Out Refinance or Not
Backstory: We purchased our primary residence 3 years ago and now have about 100k in equity thanks to the current real estate market. And with the low interest rates, we are going to refinance our house. We currently ...
Kyle Kline
Personal Funds vs. HELOC to Fund a Property
Hello,My question is how to decide which source of funds to use for which part of the investing process. If I have saved roughly $15-20K of my own money and have about $60K in a HELOC, which should I use first? Should...
David Castillo
Save for BRRR or pay down current property
Hello,
Hi, my name is Dave. I'm lost and I do not know what I am doing. Earlier this year, I purchased my first 4-plex investment property on a 30 year mortgage. I currently have only 14% equity in this 290K property...
Joe M.
What would BP do? Paying off vs other options
What would Bigger Pockets do?I currently have some options (which are a good thing). I am trying to figure out the best one to choose, hopefully you can help give me some things to think about and choose the right on...
Quinton T.
Need some advice with cash flow money
The cash flow you are making from rental properties- do you pay off one of the mortgage with the cash flow money or do you save the money for the next deal.... torn between the two--- a lot of people say -- "ohh you c...
Bobby Shell
Paying down 3 single family loans. Tips...
Should be an easy Q. Currently we have 3 homes:Primary Res: 360k owed at 3.625% interest rateRental One: 196k Owned at 3.375% interest rateRental Two (closing in 30 days): 134k owned, 4.5% interest rateIf we want to p...
Deadrick Colbert
Where is best place to put money while you are saving for deals?
Where do you prefer to have your $ while saving for the next deal? Roth IRA? Savings account? Anything different? I'd like to hear where other investors prefer to save for deals?
Nina Granberry
What do you do with your cash flow?
Hi BP Community,This year in June I purchased my first buy and hold property - a duplex. I know that it is important to have cash reserves set aside for unexpected issues that may arise with the property. However, sho...
Dominique Mickles
Having Cash In Bank
Is it true that if I want to buy a house with cash it must be in a bank account for 2 months before I can purchase the home? (I was told saving it in my mattress won’t do me any good)