Hello everyone,I am thrilled to be a part of the BP community! I live in Los Angeles and have been working as a television producer, however, my goal has always been to purchase a multifamily home to use as my primary...
What does everyone think of 401k's, ROTH IRA's, etc? Would anyone cash in a 401k to pay off an investment property? Some doom & gloomers predict a 5000 dow by years end. Is it better to diversify with 401k and RE?...
I've been looking for my first BRRRR property for a couple of months, and plan on using a HELOC on my primary residence to finance the purchase and rehab. With all of the uncertainty about the economy recently (speci...
If things go south with C19 I’ll need my HELOC to cover mortgages. Plus my renters are do not have work from home jobs. How many months should I prepare for? Should I withdrawal all I possibly can before they freeze it?
Hello BP community! This is my first post and I am looking forward to interacting with everyone. I am new to real estate. My fiance and I have decided to pursue this adventure together but we have some road blocks. We...
Hello BP family,So, two months ago I contacted my mortgage company to waive the PMI on my mortgage as I put in a ton of work into the home (bought it at $525k put $125k into it). The appraisal was ordered and my home ...
Pipes froze and now have burst pipe and had to shut off water to the house. I’m guessing it could last a week or more. Any thoughts on how to handle this? The tenant has already been without water for 2 days.Do i need...
Hey BPers,Looking to get my first rental property rented out and I'm wondering what's a good system to offer to allow tenants to pay rent. I've heard that this could get tricky because if the tenant doesn't pay on tim...
I owe 110,000 on our personal residents that was just appraised at 260,000. Now I'm new so this might be a silly question but here it is. If I took out a heloc on 80 percent of the 150,000 now and the housing market d...