Hans Vermeersch
Advice on financing investment properties using Home equity
Hi all,
I'm new to the property investment world and would like some advice on the best strategy to invest in rental properties considering my situation. We have a fully paid off home currently valued at around 34000...
J Shoe
What is the best way to secure funds in order to purchase "all cash"?
I have been looking to purchase my second fix & flip however I keep losing out to all cash offers. I have also been looking at foreclosure and sheriff sales which want funds within 5 days. Which is the best way ...
Robert Medina
Attempting to brrrr but having issues
Hello I have attempted to brrrr a property recently but didn’t quite go as well as I wanted. So I bought a single family home for 315k that was considered inhabitable. I was able to get a private loan which I used to ...
Ryan Moore
Home Equity on MF
I'm curious about a strategy with getting a home equity loan on a MF property. The property was financed with a lender under a personal name, then transferred to a LLC after closing (I'm aware of the due on sale clau...
Timothy Yen
HELOC for a down payment on investment property?
Hi BP community!My mortgage banker suggests that apply for a HELOC on my private house and use those funds for a down payment on a rental property (2-4 units) my goal is cash flow of 10% and appreciation with the reha...
Mai Holmquist
Newbie needs help to start please!!
Hi everyone! My name is Mai Holmquist. I'm from Fresno, CA. My husband and I own a home that we both live in for a couple years now. I want to use the equity of the house to help jump start my investing. Should I refi...
Jack Page
Refinancing Question - Mortage and Home Equity
I currently having a Mortage (195k at 4.0%) and a home equity loan (240k at 2.85%) on a property. I have only been able to pay interest on the home equity for a couple of years. I am currently looking to refinance. I ...
Jared Hockensmith
BRRRR strategy with cash
Hello everyone! I’m 21 and looking to get into real estate investing. I’m currently in the education phase and learning as much as I can and starting to network with people and friends of similar real estate investmen...
Daria B.
HELOC or LOC on primary (tax deductible)?
Hi-Hopefully I'm stating this correctly:HELOC -> has closing costs and is the equity being pulled out of the house up to a % of what the lender will lend on the property (ie 60% or 75% LTV). If there is a 1st note ...
Mary White
Help Please...Our offer was accepted and we need funding advice
Okay, we're looking for some help. We have an accepted cash offer on a foreclosed 4-plex. We need to generate some funds for the purchase but from what I can see most of the lending is for fix and flip situations. Thi...