Keeshaun King
Experience with 203K Loan
I was wondering if anyone had any experience using a 203K loan! Also wondering what was the process of obtaining this loan as well as the pros and cons of this loan
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...
Verlane Phizema
Creative Financing needed
Hello everyone, I have this silly idea that I can pay off my rental in 4-5 years . Purchased in 2019 for $110k, now worth $280k. I would get a simple interest loan to pay and demolish it to build a duplex or a fourple...
Henry Lazerow
Roscoe Village BRRR (House Hack) - Deal Diary
Client is from BiggerPockets but wanted to keep name private. Happy to share a bit of what they did though and the process to hopefully help others looking to do BRRR's/House Hack.
Property: 3 unit bought off MLS fo...
Joe C.
Are loan payments tax deductible when pulling STR equity out?
Hi everyone, long-time listener, first-time caller... I am in awe of all your collective knowledge and hoping to tap into it for something I've been curious about.
I own a STR with no mortgage, held directly not in a...
Alex Jackman
Equity Line of Credit on Owner Financed House
I am looking to acquire a $500k 6 unit apartment building. One of the options to purchase the property it through owner financing ($2,300-$2,400 per month for 20 years 0% loan). If I purchase the apartment building us...
Riley McMinn
Recent Transition to 1099 and Can't Get a Refi!!! Any Advice??
Hi BP community - just looking for some advice or answers as this is a new road I'm going down and not sure if there are many alternatives for this situation. All my life, I've worked W2 jobs and as of two weeks ago, ...
Maurice D.
Bait and Switch application tactic?
hi,I'm currently working with a broker (nobody here on BP) on am investment Condo refi. it's been in the works for over a month and it's been abundantly clear it's a rental.the first estimated (unofficial) rate quo...
Rob Beardsley
How do you calculate annualized return with refinance?
Normally calculating annualized returns is very simple: sum all of the profits and divide by principal and by holding period. However, when there is a refinance event in the model, the cash flows are much lower becaus...
Evan Berg
Kris Krohn Partnership?
I have searched high and low for any kind of user review of Kris Krohn’s partnership deal. If anyone has actually partnered with his company and done the 50/50 business split I would love to hear your experience.