Investment Info:
Single-family residence buy & hold investment in Summerville.
Purchase price: $205,000
Cash invested: $15,000
Pre-foreclosure home for my primary residence. Found this property a...
Hello BP,
A credit union I use offers some great rates on home equity loan currently but it says that the home must be a primary residence.
I purchased a townhome a year ago and took out a mortgage as a...
My husband and I own our primary home outright, it is not in our LLC where we hold our rental homes.We had the local bank do an in house appraisal and it came back about much higher than we anticipated.I asked our acc...
I've been reading about how to use equity from investment properties as DP for new properties but what about the equity in your current home? Due to low rates, we are refinancing our primary loan for our home and have...
Is it frowned upon to withdraw from a primary residence to start investing? I’m a newbie and have 130k in available equity on my house. What do you think? This is my first post. Just joined BP. Looking forward to lear...
I am looking to buy a primary residence, do some rehab/add a bedroom and then use the equity in a couple of years to help purchase my first investment property. Any advice on this strategy would be greatly appreciated.
I've been a realtor in Wichita, KS for just over a year. I consider myself green, but not "new," to investing. We bought one rental for 30k cash in 2011 and sold it this year for 53k. Rented for 600-650/mo while we ...
Good Day everyone. I would like to understand if my thinking to pull money back out after purchase is on point, flawed or get solution on how to do it.PV $950,000PP $805,000DP $48,300 (6% $805,00) primary resLoan $756...
I have a HUGE amount of equity (over 1 million) in my primary residence. I am in a great position; however, I am not sure what to do and have thought of a few options:Option 1: Keep home and do nothing; however, I wo...
Need some good advice. I have a 150K home that we paid off. I also have a duplex that is nearly remodeled and is worth about 110K with a 50K mortgage.
I have no desire to mess with the duplex situation just yet -- ...