Joshua Meisner
1st Investment Property with 100k+ in equity
Hi BP members,I just recently joined the website and have been thinking of investing in rental properties for a month or so.My personal experience is very limited but my dad has done very well throughout the years buy...
Aseebulla Niazi
Taking out equity to finance other properties
Long story short, I have been buying multifamily units through an LLC. for the first triplex, we had to put down 30% due to my lack of experience and first-time investor etc. Would it be wise to take equity out of thi...
Daniel Baker
Accessing the equity in a rental property.
Hello,
I have a rental property that has increased in value by at least 40k. I would like to access this money but the bank said they can't do a second mortgage because my first is 70% of the homes value. What is the...
Jason Crowe
Equity Line of Credit on Investment Properties
When getting an equity line of credit for investment rentals whats been the longest amortization provided to and investor? Normal amortization? Best rates? Worth doing it versus a cash out refinance? Whats the big...
Chris Tedeschi
Moving a Property to an LLC... equity
Hey everyone,I have one multi-fam rental that I am planning to move out of my name and over to an LLC. Does anyone have some pros and cons to doing this? I know some of the pros, which is why I'm doing it, but I'm thi...
Michael Dunn
PMI once Property has 20%+ of Equity ??
Good Evening,I was wondering if the PMI ever drops from your Monthly payment once the Property has reached/exceeded 20% of Equity ?And is it dependent on what type of Loan you have on the Property ..... FHA, VA, Conve...
Andre Key
Pulling equity from a subject 2 property
I have recently acquired a property subject 2, and after the repairs it will have close to 30k in equity. I'd like to keep it for at least 5-10 years but I would like to be able to pull some cash from it without owne...
Eben Cook
Pulling equity out to buy another property
New to BP. Have read much but not nearly enough. We have two properties worth $200k with $100k in equity between them. Should we pull out the Max allowed to purchase another. Would be financing all unless I get a ...
Chris DeMorais
Trouble Pulling Equity Out of Rental Property
Hi all!
I am new to Bigger Pockets. Love the content. I am bringing this situation to you all because I have exhausted all my known options and think this community can for sure help.To cut to the chase, I have a 2...
Naresh Hinduja
Home equity loan for new property investments
Whenever discussions come up to use home equity to invest in another new property one investor in our group is against it (but instead of putting in our own new money I think its a better option overall) any opinions ...