Landon Lehmann
How to leverage my person residence
My wife and I want to get into real estate and wondering how we should go about it. Our current residents we still owe about $104,000, we have about $280,000 in equity. The value of the house is around $384,000. My in...
Daniel Kries
VA assumable mortgage
For some background info I just closed on my first home using a VA loan . I’m currently house hacking and mortgage is covered and then some . I have a coworker who is eager to sell her townhome and she is willing to h...
Eli M.
Rehab loan vs out pocket cash. Deal Analysis
Dear BP community,I need your help/input in my deal analysis. I have two options in front of me either to obtain a rehab loan, which will cost me $10k for six months ( points, fees, interest) or just finance the entir...
Alejandro Arciniega
Should I buy or move back into my rental
Hoping to get some clarity from you fine folks.I purchased a SFH in Southern California and have been renting it out for the last 5 years. It's currently cash flowing $800/month. My wife and I have been renting a smal...
John Simerson
Rent doesnt make mortgage in california, should i sell or hold?
Hi, im in San Diego California I have 2 properties one property that rents for $280 less than my mortgage and the other that rents for $800 less than my mortgage. Both have a pmi i could wash away probably in a year. ...
Bradley Fogeltanz
Market Suggestions Buy & Hold
Hello BP community,
I am looking to purchase my second property within the next 6 months and continue to build my portfolio from there. Currently, my fiance and myself live in southern California where it is just to...
Aaron Nelson
Am I thinking about this right?
I am buying two properties. Property A is in a desirable neighborhood. There would be about 40k in equity realized at sale, but if I rent it, cash flow will be near 0. Property B is in an ok, but less desirable area...
Kenneth Garrett
Completed BRRRR Staregy
I thought I would share a success story. Bought a 3/1 882 square feet. Small ranch on a crawl space. Offer was a three letter option; Cash, Seller financing, and a combination of seller financing and a down payment...
Stephen Jones
Using equity to build multifamily apartments
BP, I am wondering if it is possible to use the current equity I have in all of my properties (roughly 2 million) to buy land and build new construction multi family units? Would I need money down? I’m just not sure h...
Carlos Hernandez
HELOC for Fix and Flip: Need Advice with 65k Equity?
I currently own a property that I utilize for short-term rentals. My existing mortgage has an interest rate of 4.5%, and I owe $247,000 remaining on it. I have approximately $100,000 in equity built up. I'm considerin...