Hi, I’m hoping to buy my first 2 family rental house within 5-6 months from now. I probably have 66% of the downpayment for the price range in the area I’m looking at. I read from other people’s post that I can use he...
Hi all, I have a SFR valued at around 215k. The original loan was for 170k and I currently owe 140k. What’s the best strategy to pull out the equity to buy another property based off the new value? Traditional banks I...
I just got a HELOC on my investment portfolio, so I can buy my next building with "cash".
I dumped all my operating funds in my HELOC to minimize the interest.
Now, I get a wrenching gut feeling that this HELOC can ...
I am not a novice by any means. I have a traditional rental, with a 15 Year mortgage, not cash flowing very much, but the equity is strong. and a buy and hold for retirement cashflow. I also have a SOlo401k Investmen...
Hello BP community,
Newbie/white belt here.
I have a question regarding HELOCs. My wife and I would like to make our first rental purchase in 2023 - we have a newborn so our time right now is fully dedicated to him ...
I am really struggling to buy a duplex with conventional loans in my area. I've been beaten out by investors with cash in my area. Since I've been looking for almost 1 year, and put in 5 offers, my parents want me to ...
Hello everyone, I am getting a HELOC for my first investment property. I want to hold on the property and make it short term rental, no intention of selling it in probably at least 10 years. However, after all the exp...
Hey everyone. Looking at an upcoming partnership in 2025 and looking to tap into some of my primary homes equity to assist with the down payment. What should I expect for an interest rate on this loan? If I were to se...
Hi, my husband and I are 2 members of an LLC (treated as a partnership). We decided that it's easier to buy a rental property using cash instead of trying to find a mortgage under the LLC name. We have some cash sav...
Looking for feedback good or bad, for using a HELOC from my personal residence to finance the down payment on my first SFR. Thanks in advance for any advice.