Michael Dunn
70% rule question please....
When you subtract the costs for the repairs/rehab , where does the money for the repairs come from.... Does it come out of your own pocket or do you add the costs to your loan ? Thanks everyone Hope everyone has a g...
Sam LaCroce
New RE Investor
I am new to this forum and I apologize in advance for not knowing enough about real estate investing but I am intrigued. I have a question and am looking for some feedback (advantages or disadvantages).
I am 29 years...
Mark K.
New home loan down payment source
We are looking at buying a new house and renting ours out. We have equity lines in form of refinanced mortgages on our rentals from which we could draw for the 20% down payment or could use funds from our line of cred...
John Michael
Use a HELOC just for down payment or purchase in full?
Happy Monday all,We are looking to start our first BRRRR and have a HELOC for $195k. It appears that our choices to purchase our first property are the following:1. Use the HELOC to purchase a property outright in ca...
Josh Boyd
Sell my house to my LLC?
Newbie here looking to structure first rental.Scenario: I owe 229k on my personal residence house. It is currently valued at 390k. The 70% LTV would be 273k. It needs 10k of work. I have another house I would lik...
Patrick A.
Delayed Financing / Cash Out Refinance
Hey BP World,NEW TO THIS REAL ESTATE WORLD....BUT we are looking to buy a house and may not be able to get pre-qualified for mortgage due to work history with current Non-Profit (Self-Employment) not being established...
Julian H.
Purchased 1st Property (42% under market value) Union County, NJ
Hello Everyone – This is my first post here on BP, looking forward for some great discussions as well as ideas. My wife and I are looking to begin our real estate venture with this property as we purchased at a great...
James Palassis
First Flip - Property Line Dispute
My partner and I are trying to get into our first fix & flip project. While we were at the property last week, a neighbor came over and said his property line runs right up next to the house. Exact words: "Right n...
Jill Drebing
Whats my best option?
Hi all-My husband and I currently own 4 rental properties. We have no mortgage on any of them. Current market value for all 4 combined is $325000. Rental income $4424/month. Currently have 20k in reserve and anoth...
Jon Mason
Possible Easement Issue
I purchased a rental property in 2018 that was a totally normal real estate transaction with no existing easements or irregularities mentioned.During the reno I found out that back in the 50's when the house was built...