Joe DiMaria
Bank Financing
I am a real estate investor in the Chicagoland area. My partner and I are currently fixing and flipping 2 to 3 properties/month. We buy all of our properties with cash. We are looking at renting out some of our proper...
Matthew B.
Financing Rental Portfolio and Flips - Need Advice!
I have a small rental portfolio consisting of 3 SFR's and 4 MF units. All were purchased within the past 2 years with cash - no mortgages. The cash to purchase the properties was obtained through my flipping business....
Ryan C.
Heloc lowers Fico score, then refinance
Looking for some insight... I have a rental that is paid off. Going to do an 80% heloc on it so I can purchase another property. My intent is to wait the 6 month seasoning on the new property and refinance into a conv...
Wayne Emminizer
Business Line of Credit
We are refinancing one of our properties and will be pulling out about 42K in cash. Not enough by itself to do what we want to do which is Buy and Hold using BRRRR. We need $200-$250K. Looked into some BLOC's but ma...
Jason Burr
Equity Line vs. ReFi for BRRRR strategy
Ok, this is most likely a simple question but I feel I'm putting too much thought into it and would like others thoughts and opinions. What are the pros/cons with going with a equity line on a rental property vs a re...
Dan Kim
Finding private money
Hello BP community,So I’ve lined up a great agent, contractor, and hard money lender. I’m having trouble finding private money lending specifically for that 20% down on the hard money loan. If my goal is OPM, just won...
Bienes Raices
No permit was pulled--problem with resale?
I'm waiting on a short sale to come through. The seller told me he replaced the sewer line (with PVC) without pulling a permit.
I'm planning to rent the house out first (for years). When I eventually sell will I have...
Robert Maranville
Is it time to BRRR? or should I hold a little longer.
I used an equity line of credit to buy and fix my first rental. Price was 140K, I put 25% down with equity line and used another 10K from equity line to fix up. The property is not worth 205k approx, is it time to BRR...
Nupur Daruka
Tax questions on rental property
I had two questions on my first rental property that I recently bought1. Can I deduct the closing cost in my rental property taxes for 2023. I just bought it in Nov 20232. To buy this property I had taken out a fixed ...
Arijit De
Refi Cashout - Make Sense for this?
I am trying to do refi with cashout for 4 properties and thinking of using the cashout to payoff the fifth property. Looking for thoughts/advice from BP experienced folks. Am trying to gauge if it makes sense to proce...