Hi all, I have been thinking about to cash out a rental property, but not sure how to start. (I am total newbie). The reason is that I want to POSSIBLELY(so I may not buy if no good deal) buy a new rental. Let's say I...
HI all, I am a first time investor looking to buy a Multi family. What are your opinions on the FHA 203k?My real estate agent recommended it to me since we have been looking at fixer uppers and the regular FHA may not...
I have been looking at a ton of places for rent in San Diego and the rent is ridiculous and typically less than just buying a place and paying the mortgage. Any thoughts on if it’s better to buy in San Diego than to r...
So, last year I bought my first BRRRR property in Memphis, TN. I've learned a TON of lessons, and the lessons keep on coming! Here's the info on the deal. I bought a 2/1 for $29000 from a wholesaler. Having done resea...
Hello everyone, When using the BRRRR strategy I always notice the refinance has many questions. A Home Equity Line of Credit seems to be the best option to use when refinancing a property using the BRRRR.
I took ou...
Does anyone have experience obtaining Home Equity loans accross a portfolio of rental properties? Do lenders do this? Let me be clear, I am not asking information on a lender becuase they will delete me. I am justi...
Hi everyone, I’m looking for advice on buying a 3-4 family home in Harlem, NYC. I'd like to live in one of the units while renting out the others. I think that would qualify me for an FHA loan with 3.5% down payment. ...
Hello!I'm working on a seller finance deal and I'm having trouble crunching numbers.This is a 3/2 with a purchase price of 75,000. 5K down payment and terms are 5 annual payments of 14,000. No interest.Rent: 900 - 100...
Hi everyone,Very excited to finally be able to post on here! A little background on me, I've always had a plan to use REI to step away from a 9-5. I'm a complete newb but have done the best I can researching RE. I'd ...
Hi Everyone,Last year I purchased a turnkey condo as a rental in Kansas City, Missouri. (I live in Colorado.) The BRRR @Brandon Turner talks about on pod casts ... well I'm having trouble with last 2 "RR". It's been...