Garen T.
Variable HELOC or fixed at this point in the economy?
I'm currently building a duplex that I'm funding using HELOC money on 2 properties that I own. I'm going to be maxed out on a rental SFR and I'll be close to maxed out on my primary residence. Total funds loaned will ...
Cameron Ellis
Cash-Out Refi
I'm interested in purchasing my first rental property cash, doing the rehab then doing a cash out refi as quickly as possible. I overheard a realtor saying the guidelines are getting very tight on this method, I'm ...
Roman Kozlov
To LLC or not to LLC
I purchased my first investment property, a section 8 single family rental in Syracuse NY, under my name. I am contemplating creating an LLC to hold the property in and would like to hear from other fellow NY state i...
Chris Cogan
BRRRR Refinance Question
Hi Everyone,My wife and I are looking about getting our first BRRRR property this year. My biggest concern I have with this strategy is that we won’t qualify for refinance once we get past one or two properties. I rea...
Steve A.
Conventional mortgage limit with a partner
Hello!
I currently have 5 conventional mortgages. I have another 3 properties under contract with a partner. If both of our names are on the loan, it counts towards the ten mortgage limit for both of us, whic...
Joe Guz
my first flip...Im pumped
Well, I usually only buy rental properties, but I wanted to try my hand at flipping. I found a 4 bdrm, 2 bath property 1450 sq ft for 31k. The bank was asking 54k but it was on the market for a while(3 months) and I...
Rick Keffler
Hawaii investments now and in 10 years
I hear it is very expensive to build in Hawaii. I had a nice timeshare there once but the owners sold to new owners who kept raising annual maintenance fees until they were so high it was more affordable to rent a con...
Ru Schaefferkoetter
What's your biggest mess up?
It's embarrassing to say it loud here -- I MESSED UP my very first investment, took a big loss, and still trying to get rid of it. Sparing y'all the painful stories, here are my biggest learnings.
Lesson # 1: NEVER ...
Justin Wang
Investor looking into Austin
Hi Austin BP community!
First time posting. My partner and I are looking to invest in Austin (her hometown). Some of the parameters we are looking at
- Doesn't need to cashflow but goal would be to get as clos...
Jeremie Torres
Deal Analysis Practice Question
This is a practice deal analysis for BRRRR.Subject property = 50k. Rehab estimate with 25% overrun = 31250.Closing cost = 1500Purchase cost, cash = 82750.My ARV calculation = 151632. After refinancing, how did I becom...