Rudy Salomon
Hi team, I would like group feedback on on my current buying and selling situation.
Hi Bigger pockets team, Here is my current situation. I am currently assuming a loan that has a 2.6% interest rate locked into the life of the loan and I am getting it $70k under market value. I am assuming $135k and ...
Jared Mackay
Pay towards principal??
Question?? I’m a brand new investor and I was wondering if it’s best to use cash flow from a rental property to pay towards principal on that loan or save it for other reasons?
Dakota Cochran
To refi or not to refi
So I’ve decided I’m gonna purchase another home and make my first home a rental. I have a family friend that’s a mortgage guy and I cant tell if he is in my best interest or just sees $$$. I was thinking cash flow is ...
Michelle Harrington
HELOC, Home Equity Loan or Your Savings?
Hello Bigger Pockets Family!
Just wondering, if you are a new investor buying a rental property and you have an equity from your personal home, which one would you use for a DP? HELOC, Home Equity Loan, or your savi...
Vince Nguyen
Hard lender money for renovation or out of pocket
Hello I currently have about 165k to purchase an investment property. The down payment will be around 45k and closing cost will be around 12k and Reno will be around 150 gut job to get a high arv. Should I use all my ...
Elena Z.
First life insurance - which ones have the best reputation in CA
Hello,I am looking to purchase life insurance for the first time in my life. From my law school classes I vaguely remember that whole life insurance is the bad one and term life insurance is the good one hahaha. I ne...
Dhiren Ahir
Need Advice paying mortgages
Hi newbie here. I need your advice weather I should aggressively payoff any of following mortgages or save up to buy more.Primary residence. 328k @ 2.75%Rental property 1, 133k @ 3.12%Rental property 2, 170k@ 3.50%.Bo...
John Peppard
Rental property, does higher down payment make sense
Looking to purchase a rental property for $330k, leases are already in place for the following year and rent roll is $3200 per month. At 25% down I’m looking at roughly $2300 for principal, insurance, and taxes per mo...
Freddy T.
Saving for new appliances for your property 10-25 years from now
How do you save for appliances that you are probably going to need down the road 20 years from now?
For example,
Furnaces last approximately 20 years if well maintained.
Air Conditioning units last 10-15 years
Asp...
Tyler Ammermann
Additional principal mortgage payment
I own a two flat and am currently house hacking. My current mortgage payment includes PITI should I make additional principal payments or save the cash flow for reserves or go toward next investment.