Andrey Y.
HELOC vs. cash-out to buy future investments cash
What are your thoughts on this? If you wanted to pull out ~$150,000 from a free a clear property, to buy (immediately) 3-4 less expensive properties at a distance, would you opt for a cash-out refinance or a HELOC? I ...
Carrie Mims
Paying private lender back with HELOC
I have a potential capital partner that would pay cash for my future buy & hold portfolio. What are your thoughts on the below strategy?- Lender loans cash for a rental property- I put property in my LLC- lender a...
Andrew Davis
Cash-Out Refi Options???
We recently bought our first Duplex for $90k about 8 months ago in Columbia, SC. We purchased through an older woman who was renting it out for about 30% less than market value on month-to-month leases. Since we bough...
Bryan Hancock
In Texas What's Considered "Cash Out"?
In the aftermath of my life mess I took out some HELOCs on my primary residence to bridge some events and funding needed. I plan to pay these loans off prior to the middle of this year and would like to refinance my ...
Casanova Brooks
What are your thoughts on this
Hey all! I'm looking at getting my first investment property in the 30 days or so. I can get a line of credit to start somewhere between 27-30k my private banker told me. Just wondering what your thoughts on this is? ...
Stephen Blake
Creative Financing a duplex
Hey All,Interested in purchasing a duplex here in OKC as my first investment property. Potentially using some creative financing. Let me know your favorite ways to do a deal like this.Property is currently not listed ...
Diane J.
Setting Up Shop in a New State
Advice please! I suppose it's easier to start your business if you're working in your own town but what about starting up in another state?
1. Past experience is in rehabbing averaging 20K in profit per project. Have...
Lisa Albright
Rehab personal home taking funds from rental property equity
Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties. We are trying to not use our retirement funds. Are there any strategies...
Amanda Nelson
VA Loan Assumption
Hello - I found a very compelling investment property and the agent and her preferred lender are suggesting that the VA loan currently on the property is assumable by a real estate investor. I've asked for the loan de...
Richard Andrade
LLC Cash Out Refi Tax Question
Hello! I have a scenario, I wonder if someone with tax skills can help me figure out. Here's the hypothetical:An LLC with 2 members owns $2 million in fully-paid residential real estate assets. No mortgages. The LLC w...