Hi BP friends, I really am in need of some advice regarding the situation I've found myself in with Bank of America. I bought a home at auction (via www.auction.com) that was advertised as a 3 bedroom 2 bathroom home ...
Last week I started an application for a HELOC on my primary residence in metro Atlanta, figuring I was going to have to have cash to compete for the better deals in my investing area. The next day I found out a sell...
Hey there everybody. I'm interested in hearing some opinions on different methods of tapping equity to acquire investment property.I purchased my primary residence in 2011 with 20% down and a 30-year fixed mortgage at...
I bought a primary home (condo) in Portland, Oregon in 2019. I've since refinanced and have a 30-year loan on it at 2.75%. Expenses are about $1600 per month, and there is no income. It's a small space and I'm not ...
I have bought 8 properties in the past 4 and refinanced them all and since I bought them cheap enough I was able to pull my cash out and or profit while still renting them. I created this post because my goal is to i...
So I'm picking up my second rental. Here are the specs:
purchase price: $81k
zestimate: $115k
current rent: $1,225 /mo
zestimate for rent: $1445
Location: Sacramento, CA
Size: 1445 sqft
Bed/Bath: 3/2
year built: 2008...
I listened to the podcast on asset protection, and honestly dismissed it for a couple of weeks. However, the more I am learning about RE, the more I realized that I need to have an asset protection, estate planning an...
I have a borrower who asked me if he could "borrow in the name of a 'land trust'..." He briefly explained some of the nuances, and when I asked him why he did this he said, "It protects us a little better than a LLC.....
I recently completed the renovations of my primary residence. The ARV is 195K and the first mortgage is for 78k. From talking to a few lenders who do HELOCs they will lend up to 80% of the home minus the first mortgag...
Question about refinancing a syndicated deal.Goal: I want to start syndicating self storage facilities. The long-term goal is to refinance the syndicated deals around the 5 year mark to pay back the principal invested...