Travis Barkel
HELOC: to repay or not to repay?
Late in 2021 I used a HELOC as the down-payment on a duplex in Michigan. The duplex was turnkey, but has the potential to add a couple bedrooms in the future. Currently it is fully rented so will probably add rooms ...
Bryan P.
50% rule and Refi
Obviously a wise person would put away 6 months to 1 year of operating expenses for any property. Assuming that one did this, when following the 50% rule, is the property then labeled "self-sufficient?"
If this is t...
Fabricio Laboriel
How to set the terms for a Seller Financing deal?
Hello Bigger Pockets family! So I want to get started into buying rental properties and would like to know if any of you guys have purchased a unit or more through seller financing? If so, how do you structure it? Do ...
Henry Centola
Recommendations for Private and Commerical Bank Lenders.
Hello,
I have a 5–10-unit apartment building under contract in Plymouth County and I'm looking to see who people have been using for lending both private and bank lenders. It's stable but will be around 1.0 DSCR day ...
Mat Poole
Using a HELOC for financing
I have some equity in my current residence that I’d like to use as a down payment on a long term rental. Would the average lender be against using a HELOC to do this? How would it affect my debt to income?
Jesse Dickens
Using a HELOC to start investing and velocity banking
I am a new investor from Denver looking for my first deal (probably out of state). I don't have much in the way of personal funds to start investing, but I probably have around 75k available if I were to take out a HE...
Jordana OShea
Brrrr Calculator - Help understanding the numbers
Hi all,I'm just beginning to educate myself about the brrrr strategy. I have been looking at the brrrr calculator and I just can't figure out how the total cash invested is calculated. Could someone please help me und...
Richard Goore
Selling a property utilizing seller financing
I wanted to reach out to the BP community and lean on you for advice and to learn. I have a client (I'm a licensed RE agent) who's home I am selling. I was just approached from a neighbor who is interested purchasin...
Dylan Wickersham
Looking for $50k to get my 4th Single Family Home
What kind of interest rate and terms would you look for on $50k for my down payment on a deal. Maybe I'm asking the wrong group here. I have 3 single family homes that I've purchased on my own with 30 year fixed finan...
Scott Garner
If you have more than 10 properties....What are your loan terms?
Hi BP,I would like to do a survey of investors who have more than 10 properties and have bank financing. What are the terms of your loans? The banks/credit unions that I have been talking to in Omaha, Nebraska on ...