Rosalia Aguilar
having problems understandig the refinance part
So i have a question , I cant think of refinancing my property because if i do , I will have money in my hands but the debt will just increase and increase, and therefore I will never get out of debt. I wont even be ...
Murali Vempaty
Limit on number of mortgages
Hi,
Is there a limit to the number of mortgages that one could have as an individual investor ? In addition to my primary home, I own other (5) rental properties. I am looking to add more but I am being told that I e...
Andrew Lichtenstein
Commercial Real Estate Broker and Investor from NYC
My name is Andrew Lichtenstein and I am a Real Estate Broker and Investor in New York City, and have been in business since 1991. I have personally bought and sold 25 buildings in New York City and closed more than 3...
David Gjeldum
Transfer of ownership to a LLC, frees up credit?
Hey everyone,
Thinking of buying a condo here in Chicago (I know none of you are fond of that, but I have my reasons)
Say I buy a unit/finance it in my own name. If I transfer ownership to a LLC, does that free up m...
Rachan M.
Solo 401k distribution question
Good Morning all,
I am not close to retirement age, and have a question about my Solo-401k account. It was opened in 2005 when I was self-employed, but have not really contributed to it since 2006 when I took up regu...
William Chrisman
Debt free rental properties
I currently own one rental property and planning one more by the end of year for cash. What are the advantages and disadvantages of doing this as opposed to financing.
Tyler J.
How is everyone getting so many loans?
Hopefully not a stupid question. How is everyone getting there mortgages for rentals? What are they using to qualify you? Good credit obviously.
I guess why I'm asking, I just purchased my first home. I plan on livi...
Brett Bowers
To become a RE agent or just invest?
I am at an important stage in my life where I have the option to obtain my RE agent license and begin selling within the next 6 months OR get another full time job while finishing school to save capital to invest with...
Michael L.
To Heloc or Not to Heloc is my question?
I got faith that my "BP Fam" can shed some light on this for me, so big thanks in advance. What are the factors other than the interest rate when choosing between a Heloc or a cash out refi?
Account Closed
Do I focus on Paying off my mortgage?
Hey Everyone!I'm closing on my first property that I will be house hacking with. I'm in a condo with a buddy paying me rent. I will have a $220k 30-year fixed rate mortgage at 4.875%. Using amortization calculators I ...