Simmy Thompson
Home Equity Creditline as Downpayment
Hi everyone,Is it a good idea to obtain a home equity line to use for a 20% downpayment on an investment condo? I've bought two homes thus far and one was a bad deal - buy and hold, the other is my current residence t...
Junior Powe
2nd Deal in Macon
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $90,000
Cash invested: $60,000
Buy and hold that I still have to this date. Property was a 3 bed 1 bath. Converte...
Account Closed
I have equity... But how do I use it to my advantage?
In a very long story short I came across a deal I could not pass up. One year ago I purchased 23 acres of land with a tax value of $292,000 for a price of $175,000, 3% interest rate, and it is owner financed. The 23 ...
Nicholas Vuong
HELOC being called with decreasing home value
I have an Open HELOC that has a 5% 5yr draw and a line of 70k. I recently purchased a property that needs some renovations ~50k. I am trying to figure out what strategy to go with to finance the reno. Do I use a 18 mo...
Peyton Leal
Let’s talk Credit Card hacking
Peyton here! Figuring out ways to not only hack credit cards for travel, cash back and credit scores. Has anyone figured out how to cash out a Credit Card during your 0% interest timeframe to purchase a investment? Th...
Zachary Roberts
Business Credit as Down Payment.
Hello BP community! Currently at 5 properties. Four from moving every year and one from putting 20% down for an investment loan. However, this process is feeling too slow using my own money. Has anyone here created an...
Matthew Glover
Tear down and build two in Nashville?
Hey BP Community, need your advice!I own half of a zero-lot-line home in Nashville. My neighbor, who owns the other half of the zero-lot-line home wants to sell. The home is located in a very nice area of Nashville o...
Ronald Vargas
Buying new properties on small salary
I’m to investing in real estate and i got lucky i bought a house in 2017 and another in 2020. Now I’m sitting on a lot of equity and not sure how to use it. My idea is to buy fixer uppers but i know there’s more to it...
Burt L.
Is This Sewer Line Alright to Wholesale?
I had the sewer scoped by a local company that only does scopes and not repairs. I watched the video as it was being done and have CD copy of it as well.
This is for a three-plex and the main-line from the main hous...
Gordon Wong
home equity line to purchase investment property?
I have a home equity line of credit for up to $100,000. The deadline to take out any money is Dec 2012. All the fees have been paid for already. A little info on the line of credit. APR is .25% less than the wall stre...