Hello BiggerPockets folks. I’m hoping I can get some advice. I want to be a real estate investor.i have 1 home I previously lived in that is currently rented. I’m preparing to sell another home and then buy a multi fa...
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Hello all,I'm considering taking out a HELOC to help finance my first deal in the Memphis area. Is it better to use the funds as a down payment on a conventional mortgage (potentially on a larger home that may be more...
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I have a question about tax deed auctions. When I'm doing my research on the properties, I don't want to pay to have a title search done to see if there are additional liens on the property. After researching 10 pro...
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Hi, I want to buy a property using either a HELOC or cash out refinance on my primary, then use a 401k loan to cover the rehab expenses. Once rehab is complete, I want to do a cash out refinance on the property and ei...
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Hi BP'ers!My wife and I are new investors and we've come across a unique question that we haven't yet been able to find the answer to on the forums.The question:If we house hack a duplex that doesn't need rehab'd and ...
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I was talking to someone and she said if a company receives any EIDL loan they cannot purchase any fixed assets during the time you have the loan outstanding. Should this be true, what happens to people who have the l...
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I'm looking at a property in Florida that's being foreclosed by the HOA. However, the house is upside down. There's 1.2 million owed in 1st, 2nd and a privately held 3rd. The house is worth about 500k.
I'm not puttin...
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I am familiar with the 60 day rule as it applies to borrowing and paying back an IRA within 60 days without penalty, but wanted to know if the same applies to a SD 401k?You might suggest a loan from the 401k but I alr...
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Hi there,
Here is my situation. As an accidental landlord since 2010 ( couldn't sell) I am deciding between to sell or hold. I bought this townhouse for $280 with FHA loan. Outstanding balance 220k. Biweekly mortgage...
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Hi All,i would like to introduce myself. My name is Gil and reside in Bayside, Queens. i work in the finance industry in midtown Manhattan. i currently am the victim of the "golden handcuffs" im looking to build w...