Rebecca Z.
15 vs 30 year loan for heloc
We are buying our primary residential house and are thinking about opening a heloc after closing to pay off the mortgage sooner. In this case is a 15 year mortgage better than a 30 year? Since the interest rate is low...
Derek Stellwagen
Cash out refi to buy next rental in Clemson SC
Hi, I'm a new investor in Clemson SC (graduated 2005) and I have a $100k paid for rental property in Anderson SC. I'm looking to pull 75% of the equity out to use as the down payments on future rental properties. He...
Brandon Morgan
Using HELOC for purchasing rental property Vs. house flip
Hi all, So I recently got approved for a HELOC of 70k from my primary residence. I am just starting out in real estate but financing a home is very difficult. I have been thinking of using a Heloc to cover the down pa...
Jimmy Hong
Pay higher taxes to get access to financing?
Does anyone intentionally report higher taxable income (and obviously pay higher taxes) so they can qualify for financing, such as heloc or business line of credit?I understand there are alternative methods such as ha...
Joe Rodriguez
Federal Hill Providence
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Providence.
Purchase price: $320,000
Cash invested: $25,000
3 Family buy and hold deal in the Federal Hill area of Provide...
Andrew Zannotti
Assumable Mortgage Deal
Hello All,I'm working on making my first investment purchase and I'm looking for any insight on anything I might be missing or need to think about. I've found someone that is looking for someone to assume their mortga...
Beau Miller
Risk Seller Not Performing
Hello everyone, hoping for a bit of advise here. I've connected with a Seller who has a traditional 3/2 ranch style home that is structurally fine, but is in need of total interior renovation. Seller is willing to se...
Deshaun Wilson
My stride towards freedom
Hello everyone my name Is Deshaun Wilson, and thank you for allowing me to join bigger pockets. I'm 21 about to turn 22 and my goal is to reach financial freedom. I want to build my way there through rentals and as ti...
Kwok Wong
How to pay off HELOC used on investment property
Hello everyone, I am getting a HELOC for my first investment property. I want to hold on the property and make it short term rental, no intention of selling it in probably at least 10 years. However, after all the exp...
Kumar Gaurav
Good time to refinance?Currently on 3.5 and 30 year mortgage
HelloI am on a 30 year conventional mortgage loan at 3.5 rate of interest on my multi family home.Is this a good time to refinance?I don't plan to see until next five years.Please adviseThanks