My husband and I own a SFH- it’s a ranch 2/1 with a 2.75% interest rate. We owe 200,000 on it and have $100,000 available to us via a HELOC. We make a very modest income (about 80,000/year) and have 2 small children. ...
Hello all,
A real estate rookie here in the midst of a HELOC application at a local credit union. I've used this credit union before for other things and they are very reputable. There is something in the HELOC terms...
Recently, been seeing more and more online posts of performing mortgage notes on the secondary market as one-offs with a rise in individual investors presenting "anticipated returns". The numbers invited a closer insp...
I am currently getting the inspections completed on my first investment property (single family home). I was able to make a cash offer due to using my HELOC. I would like to BRRR but I will not be able to pull out all...
Hello All!! I need some direction.I have tried applying for different types of mortgages so that I can purchase my first rental property. Due to the amount of student loan debt I have and it being in deferment because...
I just ran a property that I would love to buy if I can find the private money or possibly the hard money at the right rate and ran it through the BRRRR calc.All looks great except when I look at the financial project...
Hi there! Instead of listing a property I'm flipping, I want to sell with creative financing to my contractor. He doesn't qualify for a loan right now but thinks he will in 12-18 months. There is no mortgage on the pr...
Hey everyone! I’m practicing deal analysis and I’m having trouble estimating what the monthly PI payment would be. I began by trying to do the math on my primary residence, but my calculated PI is ~$170 higher than my...
Hi there, great minds of BPs. Curious to know if someone has a good way to calculate the monthly payment on HELOC. For example, if I have 300k credit line at 3% interest for 10 years. I can derive that my monthly pay...
Hey! First time poster here and new investor, appreciating any advice in this new and scary world.My project, a conversion of a single family unit to a multi-family unit, is delayed by about 5 months. 2 months of the ...