I'm trying to retrain my brain on this kind of product compared to the traditional Principal and Interest.  My thought is why wouldn't I do an all interest 10 year loan at 4.99%?  Prepayment penalty is only the first ...

New to the idea of HELOC. Just curious as to how it’s paid back and best options for paying it down. If I’m going to purchase a rental property using HELOC funds is it best to utilize cash flow from the rent or does i...

Hello BP Community,
I know I'm missing something (Or actually just flat out wrong) when trying to figure out this math equation of Mortgage (Principal and Interest). So I was hoping people here could educate me.
I'...

Hi,
I just watched The Kwak Brother's video on the HELOC debt acceleration strategy which they claim it can pay off your mortgage in 5-7 years. Does anyone know if it actually works?
I am planning on doing around 5%...

I am interested in working for, or starting a property management business in Central Oregon.  I have started working on my Brokers License.  It was suggested that I get that license so that in addition to management,...

I had a question for someone who knows about "HomePath" properties. I'm writing in regards to the "Owner Occupant" policy for HomePath properties that have the "First Look" title. How long does a person have to re...

Hey Everyone,We're looking for a short-term loan document to outline the terms of a private loan.Without going into too many details, we are in the process of acquiring a new MFH rental property and borrowed about $60...

Hi BP,I have an opportunity to do my first seller financed deal.  My property manager knew that I was looking to acquire more units and brought this deal to me, power of networking!  Below I have included some of the ...

Hello Biggerpockets,
I'm wanting to leave my w2 job as I've managed to grow my rental portfolio to 16 units providing 50k net income per year.  My one snag is that when I talk to my local banks, they say they will no...

Do you always do a 50/50 split? Do you consider a lesser split (for your side) for performing notes, since there should be less to manage? When you send payments to your JV, do you include principal and interest? Or d...