My question is a home being fully paid off. It was originally a custom built home. Recently mortgage was paid in full and I hold full equity. never have I got a appraisal done. This is my first step to get a home appr...
Hello everybody, first time posting here. I don't have anyone to personally discuss this with so I was hoping I could get some guidance through the forum. I currently own one investment property (renting for $1.6k) th...
Hello all, I'm looking to pick up a rental property and am weighing the options between using a HELOC or a cash-out refinance of my primary residence and looking for experienced opinions.I just did a cash-out refi in...
We bought for about $363k. Put down 80k on the house to avoid mortgage insurance. We have now put about 50k into developing an apartment above garage as our "1st property" rental which generates $1250 per month. Rece...
Hi everyone! I found a duplex in the Cleveland area that is listed for 85K and rents come out to around 2k/month. I would like to use a DSCR loan, but I've heard that you can't use DSCR loans at that price point. Is t...
Hi friends, I've done some homework on running the number in order to create a systematic way of analyzing deals. I understand the importance of getting experience through repetitions, but I first want to make sure I'...
I own a 4plex and want to move up to a 10+ unit building.
I have great credit and 2 years professionally prepared tax returns earning 75k+
Can the expected revenue of the property that I want to purchas...
HelloI posted some questions earlier but maybe I posted in wrong area??? A newbie here still trying to navigate and learn.Could you please help?Down $80kExcellent credit score$350k of equity in rental homeTrying to bu...
Hi BP Community, can you tell me how you have used your HELOC loans successfully to grow your portfolio/cash flow? What was the scenario/payback structure/ and result on cashflow? I would love to hear about your succe...
Few years ago my wife and I made the decision to pay off our rental property. Not my thoughts but hers, she just felt more comfortable/less pressure knowing we didn't have 3 mortgages due (our own and two rentals). Of...