Will Proulx
Understanding Cashout REFI vs. HELOC
Hi guys, Will here, new to bigger pockets, I've learned more in the past 3 weeks about REI than I ever thought possible thanks to this site and all you experienced members willing to share info with people like me!I h...
Joseph Whitton
House hacking and taxes
would a house hacker be considered a real estate professional for tax purposes?
Account Closed
Advise on Owner Occupancy for FHA loan
Hello all! I have a question about the owner occupancy clause of an FHA-backed loan. I am looking to use an FHA loan to finance the purchase of a great Triplex that I found in Rhode Island. I currently live and work i...
Wes Brumit
HELOC or not to HELOC
I've recently seen people giving advise to take out a HELOC as a means to pay your normal everyday expenditures including bills, and at the same time, taking your paycheck from job and applying it every month towards ...
Jay Orchid
What would you do? Potential to HELOC on one of 4 rentals to expand portfolio.
Hello! New to the BP forum and joined out of curiosity for a hypothetical scenario.I know everyone's situation is different, and everyone has different needs and priorities within Real Estate.So I was curious on one o...
Mark Graziano
LLC Creation and Usage
I have been running a DM campaign now for about 6 months and I want to be ready for the houses that I can use owner/creative financing to purchase, but not in my own name. My question is WHEN do I form that LLC. Is ...
Amir Ainsworth
Interest Rates Investors are Receiving Right Now
Hi everyone,
I just recently met with a lender and she told me she could offer me a loan with an interest rate of 3.625%. I know this is a good rate in the grand scheme of interest rates, but I was wondering if anyon...
Account Closed
Exclusive Buyer Agency Contract
I signed an Exclusive Buyer Agency Contract with a broker/agent in Dec 2022. The contract duration was 6 months. I closed on a house in Jan 2023. I'm not happy with the house so I decided to convert this house in...
Steve Dove
Purchase of rental property to be used as primary residence
I've got an interesting scenario here. A relative of mine is purchasing a primary residence through a short sale transaction. The property is owned by an investor who rented the home out for several years. The investo...
Brad Peralta
Umbrella Insurance Policy
Are you able to get umbrella insurance on top of only the rental property? The insurance providers I’ve reached out to require me to bring everything (auto, primary and rental) under the same insurance company to get...