Alyssa Teepen
Cash out refinance clarification
I recently took out a HELOC on my primary mortgage and have used this to purchase a home for 32,000 with rehab cost of 150,000 and ARV of 220k. The goal, initially, was to sell this property, however we would really l...
Jesse Daconta
Friends Money and Legal Paperwork
Hey guys,When you find a deal that you have under contract do you go to a lawyer to draw up paperwork for money you're going to use from a friend? How much does something like this cost? Do you know of any free resour...
Richard Bickford
New - Need Mentor and Guidance (Mid Oh)
Hello, I'm looking to transition from being a full time Engineer (30+yrs) into RE investing and would like to have a mentor (guidance) as I start this long term effort.
I'm in central Ohio and work from home w/a flex...
Brett C.
Help with Partner Holding Paper Strategy
Hi everyone, I have a partner who wants to hold paper long term for some of my deals. Sa-weeeeeet! I want to make the process as PASSIVE, painless and professional as possible for my partner and other potential part...
Luke Carl
Separate Bank Accounts?
Right now I have 2 vacation rentals and one long term rental. Each has a separate bank account. After some research I've decided to consolidate. Should I put all 3 houses in one checking account (mortgages maintenance...
John Hixon
ARV and homeowners
This is probably a dumb question but I will ask it anyway. Do you share the ARV amount with a homeowner when you are trying to buy their property?I know people say to go through all of the numbers with the homeowners...
Thomas Handy
Who's equity is it?
I've followed along on the blogs but just discovered this part of the website. I'm looking at a deal where the seller will sell me his properties that are in a lease hold agreement. He said there's equity but that c...
Troy Welch
1 year lease ending going month to month - Texas
I have a lease ending (first one) and have already had a discussion with the tenant about options. He is going to go month to month and the rent will increase approx 3%. The original lease has language about the lease...
Kwok Wong
Seeking Advice on HELOC Dilemma
Hello BP community, I am reaching out for advice on a financial decision I made that I am now realizing was a mistake. I used a HELOC on my primary residence to purchase a long term rental investment property. Subsequ...
Charles Burgess
Refinance Rental Portfolio
Hi BiggerPockets fam, I'll keep this post pretty simple. I'm looking to do a blanket refinance of my current rental portfolio of 6 units (8 doors total) to access equity. Any reputable recommendations from you guys?...