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Hey all, I am a beginning real estate investor and just received a line of credit from a private lender for 100k. My wife and I have about 40k in savings for just real estate. I am honestly not sure what the best ro...
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Looking for some advice. Trying to make a long story short, after 2+ years of listening and learning about real estate, I finally made my first purchase. I spent those 2 years paying off debt and trying to build an em...
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Hello! I lived in my 2 br 1ba single family home for 5 yrs. I want to rent it out and buy a duplex. I took the first step by calling a local bank that I use for my business account. I asked about a home equity loan or...
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So I'm seriously planning to expand my investment portfolio in 2018. I currently have around $450-500k in equity. My question is, if I were to access this equity via an equity line of credit from "lender A" to use to...
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Hello BP Family,I have been searching the forums for my needs when it comes to financing my next property and I'm still stuck at which decision to make (Side note I am an active RE buy-and-hold investor). Here is the ...
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Hi all,We just renovated a home in a nice neighborhood. We got a renter for $1,300 a month. She asked about a gas stove. We just got a gas line and a new furnace. Should we put in a gas line for her and buy a gas ...
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Hey BP. I'm evaluating my HELOC options. I've applied with two banks/credit unions. Here are the details:Bank #1: approved for $98,600 @ 6.15% for 360 months. Rate is variable monthly. I don't believe an initial draw ...
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I'm looking to purchase a rental property and one financing option would be to do a cash-out refinance of my primary home and use those funds to buy the property.In this scenario, can I deduct the mortgage interest on...
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I'm evaluating a home that needs a new HVAC system (never had it) and a gas line (currently uses propane for stove, etc.). How much should I estimate that will cost, and are there any gotchas that should make me walk ...
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Hello, so I’m wondering the what’s the best way to pull from my equity to buy another property. So I have a current mortgage of 280k and my property is worth somewhere in the mid to high 400’s. So here’s my questions....