Kurtis R.
Line of Credit on Multifamily Property?
I currently own a 4plex with an estimated 150K+ in equity and I would like to access the equity in order to purchase some more properties. I have never used a line of credit before and naively assumed it would be a st...
Marcus Auerbach
Broken Sewer Lateral - the worst case plumbing event (with pics)
I always knew it is just a matter of time until I would have to deal with the worst case plumbing issue - a broken sewer lateral under a rental property. So, I was mentally prepared for the big bill, but it still was ...
Gp G.
Should I sell home on septic tank now
Hi,I purchase a property for 136k quickly from a wholesaler not knowing all the issues it came with 19 months back. It is originally single family built in 1961. Previous owner converted to duplex and managed to get a...
Josh Deel
Can I Use Equity Multiple Times To Invest In Real Estate
So I'm seriously planning to expand my investment portfolio in 2018. I currently have around $450-500k in equity. My question is, if I were to access this equity via an equity line of credit from "lender A" to use to...
Jason Parnell
Texas duplex, should I continue renting or sale?
Hi BP audience,
My name is Jason and I purchased a duplex near Fort Hood following deployment in 2011 for $130k. Since purchasing the place I have replaced/updated so much that the house is virtually on cruise control...
Edison Nunez
BRRR ?? On 2nd Property
Hi everyone...I currently purchased a property on Auction.com for $43K and will like to apply the BRRRR strategy but have some questions. First, see numbers below.Purchase $43,000 Closing cost $4,500Rehab $2,500Rent $...
Dawn Oree
I Finally Have The Courage To Start Investing Found The Unit Need The $$
Hello Everyone!I've been a member of BP for a few years now because I love real estate, but I've never had the courage to try until now. I've been looking around and I found the PERFECT Opportunity for a first time i...
Paul Kerr
Sick of not being able to get a line of credit......am I missing something?
My brother and I have flipped 2 homes exclusively doing all the work our selfs. I also personally own a home that should net me around 60k when it sells. Were about to purchase a home ( for 47k and tax assessed at 16...
Robert Glennon
Paying personal debt with company checking
I'm working on getting all of my rentals transferred to my LLC and setup in Quickbooks. I'm using Nancy Neville's book: "QuickBooks for Landlords who hold & flip" which is a great help.I have a few personal unsecu...
KC Zhang
Commercial/Business Line of Credit
I'm looking for information on how to get line of credit to purchase rental properties. My plan is to use line of credit for purchase, use my own money rehab, lease it out and refinance use conventional mortgage. I tr...