Aditya Soma
House hacking(MY FIRST HOME)
Hi Everyone,I'm planing to buy a multi Family House(Foreclosures) in Windsor, ON. with the inspiration/knowledge by @Brandon Turner book(RPI) and many other books suggested by @Brandon Turner, In specific looking to f...
John Corey
Stress testing your portfolio
When stress testing an investment (active or passive), what stress tests are people using? How far do you take it? Which variables are you changing? We could even debate 2-sigma vs some other place on the curve.For my...
Nicholas Catanzariti
HELOC vs. Cash out Refinance
Hi all,I am looking to purchase my first rental property, but am debating on which route I should take to finance the property. I have been offered a 90% LTV HELOC at a fixed 2.99% APR for the first 6 months then mo...
JayCinta Henry
Is this heloc straight?
I am new to helocs. Taking out a heloc on my primary, no mortgage note. Comps in my neighbor peg house value at $348K. If a bank does 80% but is availing a $220k line. Am I on the loss for something here? Why won't ...
Francisco Garcia
Refinance months after buying a property - Appraisal question
Hi there BP fam I have look around and have been able to find information specific to my question. I hope this question and your answers are helpful to someone down the line. Background: Bought a 7bd/5ba SFH to househ...
Elizabeth Bower
HELOC- closing costs?
We have decided to take out a HELOC on our house to fund our first house. I research the numbers and apply and then the lender calls me.... He starts talking about closing costs.... appraisal, title search on our curr...
Travis Elliott
WHAT PERCENT DOWN ARE YOU PAYING FOR INVESTMENT LOANS
I am trying to buy my first investment property but am running into different stories on what a person needs down on a non owner occupied property.
My story is this..
I haven't owned a house in over three years.I ...
Account Closed
doubling offer price without effecting CF?
Anybody ever try this?
Suppose you got a guy selling a house asking 50k. If you put down 10k and get a 40k loan, your payment will be 250 a month.
If you were to offer 100k...
Ryan H.
Paying Down Mortgage with HELOC?
Hello, I'm trying to understand whether paying off my mortgage balance using a HELOC would make sense. I am feeling confused about it, because the terms of each are so different. The mortgage is a long-term, fixed r...
Michael Braatz
First Accepted Offer
Hi all,My partners and I received an accepted offer on a rent ready, unoccupied, SFR in Milwaukee.My question is, at what point do we start advertising for tenants? Immediately? After inspection? After closing? Are ...