Jay Williams
1st HELOC - How to Go Shopping?
Hi BP,I have two main questions:1.) Can you "shop" for HELOC's in the same way that you would shop for an auto loan?2.) If you can shop, what questions or tips will get you the best results?A little more info:The HELO...
Samuel Cardenas
BRRRR USING HELOC EXPERIENCE?
Good afternoon Bigger Pockets family!So, currently own 100% of equity in a property and have been looking on how to expand my portfolio in the real estate business. After doing research I found the BRRRR strategy usin...
Travis Hester
Buying 2 investment properties using home equity
I have an investment property that is mortgage free. I want to take the equity in this property and buy two more properties. My question is, if I use that equity I'll have a mortgage payment on the two new properties ...
Melissa Espinoza
Should I pay off student loan first before applying for mortgage?
I am paying my student loan off in full before the federal repayment/interest starts back up in February (current balance is around $13k). At the same time, I want to apply for a mortgage loan for my first property. H...
Kevin Zhang
How to use and apply home equity loan
Hi bigger pockets community,
I’m in the process of looking into getting equity loan with Wells Fargo because that who I have I mortgage with. They giving me good discount. However I heard that there may be better ...
Thomas W.
Why do you exclude the mortgage payment from the cap rate?
It seems like you would want all expenses included right? As I understand it the cap rate is telling you what percentage of the total price you'll make back in a year?So why would you exclude the mortgage payment beca...
N/A N/A
Cost of refinancing.
I've never refinanced before. Generally speaking, is the cost of refinancing a mortgage usually more, less, or the same as getting a regular mortgage for purchasing a house as primary resident?
Tym Pearson
If you have two niche properties but want to buy more rentals
Hi There! I'd love input on what I have going on over here. I have three properties, and my goal is to acquire more rentals. One of my properties is in town and brings in $700/mo. My second property is in a highly sou...
Jordan S.
Cash Out Refi vs Selling
Currently own a 2/2 condo @ 5.375 % (WI) with 15K additionally invested (New HVAC / Misc finishes). Looking to move to the greater Denver area but I want to hold my riverside property and would need to sell (or refina...
Steven E.
Is my cash flow projection way off?
Hi all -- I'm trying to build out some kind of cash flow projection formula for analyzing properties. I'm looking in Grand Rapids/Holland/Muskegon/Kalamazoo MI.
For simplicity's sake, assume a $100K property renting ...