Hey everyone I am new to BP and to overall REI. I have purchased homes in the past, but always just as primary residences. I am ready to get started investing but have a question regarding funding deals. I currently h...
Never done heloc before. Do you guys think it's a good deal or not so?HELOC Fixed Rate (3-year Draw Period, 10-year Amortization)80% LTV - 3.99% APRtaking out 60K
Hey BP,I'm truly trying to get a firm grasp on how a HELOC works. My wife and I are currently considering taking one out on the property we live in to purchase our first rental property. The problem is I'm still unsur...
Hi guys im trying to payoff my moms house with a heloc from my primary residence. How do i go about doing this. Is there going to be tax implications and whats the best strategy. Tax wise and investing wise Thanksshou...
Hey BP!
I have a deal that seller will agree to hold a note at 4-5% interest on a duplex(one unit vacant and other unit is efficiency at $325/m) that they own outright. Plan on giving 10k down, then doing roughly 100...
Greetings, BP community.
It’s time to get serious. My wife and I have been saving capital for the last few years, wondering what we should do with it to make it grow. Our short term goal is to purchase a 4-...
What is the safest way to finance a house you intend to flip in a short period of time?
I would like to purchase a lower value performing note within my SDIRA but would like to partner with a fellow investor who does not have an IRA. Example: Performing note, $15,000 paying 15% interest only then payin...
Hello!I’m looking for creditable private/hard money lending options.Can I get some recommendations.Thank you!-Justin
Hi,It seems that most people use "hard money lenders" or "cash" to acquire BRRRR properties.Is there a problem with using a traditional interest-only mortgage? The mortgage calculator I have uses regular mortgage by d...