Does the unused portion of a HELOC affect debt to income ratio? I’m about to close on a HELOC on my personal home and I don’t want an open line of credit to make it more difficult to continue purchasing rent houses.
Boston is a tough market. Prices are high, but even high rents aren’t enough to make it profitable to invest. Ricky Beliveau makes money by renting to students, converting small multifamily buildings into condos (it’s...
I have a duplex that had two common staircases that have access from two different doors (they have a shared laundry room). How can I utilize this basement as it current is empty and unused.Some thoughts I had was div...
Hi members, I'm completing rehab on my 1st rental. The house has an oil tank which is not working and is not used, also the washer/dryer doesn't work and tenant doesn't use it. Should I get both of these fixed? If I d...
I will do my best to give a brief description of a property I looked at. My question is to how determine a fair offer? The building at one time was utilized as a rooming house, with an attached bar, and attached sto...
I won't go into too much detail because the details are not in stone yet and I have no numbers to use. I figured innovative strategies made sense as a place to post. If there is a better forum feel free to suggest.A c...
Hi; I have a goal of getting an office room, 8'x10' or larger, for $100/month or less with basic utilities included (electric & decent internet).
The advertised office rooms around my house are outside my price ...
Hi. I have my first rental property under contract. There are 4 rented units. There is a 5th unused unit in the basement, and it looks as if it hasn't been used in a long, long time. Should I fix up the 5th unit and r...
Back in March 2013, BiggerPockets and J Scott collaborated to release two books -- The Book on Flipping Houses and The Book on Estimating Rehab Costs (check them out here if you haven't already). As part of the book ...
I am not sure there is really a good thread here in BP which address this question. I know there are many blogs but those do not provide expanded conversations around the idea, IMO. If you are a seasoned, new or pot...