Megan Lamke
Renovating a dream home
Investment Info:
Single-family residence buy & hold investment in Minnetonka.
Purchase price: $200,000
Cash invested: $50,000
Sale price: $440,000
Purchased and renovated this 5 bedroom 3 bat...
Alex Stewart
Cash-Out Refi Lenders in Central Ohio (Columbus)
I have a few properties in an LLC that I’ve had for years. They cash flow well and don’t have any mortgages attached to them. There should be about $2M in equity that I would like to tap into. Does anyone know of a go...
Matthew Palanek
Confused on best route to take.......
I am not sure the best way to go about this......but here is my situation & plan
I am buying a duplex for $160,000 soon. Charging 800/mo for my tenant and ill be putting 800/mo for my "rent" in an account to save...
Alfredo Villegas
Equity explained please.
Sorry I’m sorry but I still don’t get what equity is. I’ve been interning for a big investor in Las Vegas and I’m motivated by what real estate can do for me and my future. Just a question that I’m to embarrassed to a...
Evans Thompson
Home equity loan options
I'm a relatively new investor. I have 4 rentals properties in the Atlanta area with roughly $500k in equity. I would like to pull equity out to buy more property. I've been denied by both wellsfargo and citi due to a ...
David Ware
Time for ROI on Capital Project
Is there a general rule / thought on incurring capital costs and the time it takes for a return. I am looking at converting a 1 bedroom to a 2. If the cost is 7,500 and I would get 100 more per month (6+ years of re...
George Moehlenhoff
What to do with Equity
I currently have 50-60k in equity with the 1 sfh I own; the house itself cash flows around 300 a month. I am 75% of the way through Set For Life, and really want to take my next step towards financial freedom. If y...
Tori Magers
Structuring Partnerships with Sweat Equity Partner
I am interested in partnering with a few people that I know in an STR. What is best practice in setting up a sweat equity partner and a passive investor partner that covers the down payment? Does anyone have examples ...
Jae Ha Jung
HELOCs on investment properties in DFW
I have a rental property that used to be my primary residence up to a year ago.I have over 50% in equity on that house and would like to tap on that equity without having to refinance my sub 3% mortgage.Do any investo...
T D
line of credit
Hello,
This is my first real post on bp (not counting an introduction several months ago). I was wondering what is needed to obtain a line of credit these days.
Here is my current situation:
26 yrs old, invest...