Jameson Gowin
Line of Credit on Investment Property
Trying to get my head wrapped around the "line of credit" on a rental property. I found a bank that would do a LOC on a paid for rental property. My thought was to have a LOC just as "available" funds vs cash out refi...
Alexander Burton
Master in Finance or Real Estate
I am currently a Junior in undergrad with a 3.97 GPA Major: Finance Minor: Econ. and I have a real estate license (I have worked with apartments mainly in the range of $500,000- $7,500,000). I can either do a +1 seme...
Joseph Hoot
accounting for personal 401k loan for 25% down on mortgage
Hi fellow BP'ers!We recently took a personal 401k loan and used part of it for a 25% down payment on a mortgage (assume $25k). Additionally, we tacked on ~$6k in rehab costs to a personal credit card.With regards to ...
Brett Malen
Finance a new property w/2nd mortgage on existing rental?
Hi BP community, wanted to collect your thoughts and idea's to help me brainstorm hacking some finances. Was thinking about taking a 2nd mortgage on an existing rental property to cover the costs of acquiring an addit...
Nova Mendoza
Analyzing a BRRRR Deal
Analyzing a deal that I initially have $200 cash flow on with the BRRRR Calculator then with the REFI section I calculate a higher interest rate so then my cash flow drops down to $56. What do investors typically look...
Jason Reider
Home Equity Loan for Down Payment
I have a single family house that I’ve been house-hacking by renting out 3 of the bedrooms. I’m looking to purchase my second property (hopefully a duplex) and believe using a home equity loan is the best way to tap i...
Ryan Unterreiner
Personal equity line for rental down payment
I have a property in Copperhill TN that is $300,000. I have analyzed this property over 50 times and the numbers work with an almost 14% cash on cash return. It would also cash flow over $600/month. I want to take act...
Daniel Hoffman
Selling -> 1031 exchange
Hey Bigger Pockets community. I am new to real estate and looking for advice.
I'm renting my first home and the tennants are moving out. My realtor suggested selling as the property has appreciated well. I'm consider...
Daniele Rosman
How many loan applications should I submit?
I'm new to real estate investment and have spoken to a few lenders. I had thought that I should send applications to quite a few to get the best rates/offers, but one lender told me I should just pick 1 or 2 and apply...
Alexis Huerta
what do you think?
I have a question for you. In the example: $200K purchase price, 20% ($40K) down. Say I get a private lender to loan me the $40K for a down payment for the mortgage. how would a loan officer take this....?