Is it wise to take a HELOC on my primary home to for the downpayment for a short term rental property? I would have the HELOC as well as mortgage to pay. What are the pros and cons to this approach?The HELOC would be ...
I rerecently found a house up for auction in my hometown even if the house doubles from the original bid. Any suggestions on how to raise the capital in time to strike. Btw, this will be my first purchase.
see article:
http://moneymorning.com/2013/10/30/new-rental-securitization-deal-likely-heralds-double-dip-in-housing/
Perhaps this subject has been discussed in depth before but I want to reinvigorate the importance of understanding the effects of recaptured depreciation and capital gains tax on sale of multifamily properties. I've ...
I've seen this question often here on BP. When you're first starting out as an investor and you want it to be in MF properties, is it better to start with a 2-4 unit or go with something larger such as a 10-12 unit? I...
I would like to buy my first rental property and I am looking at turnkey rentals. I currently work full time with a good salary and benefits so I don’t plan to quit my job at this point. My goal is to start building p...
We are buying our primary residential house and are thinking about opening a heloc after closing to pay off the mortgage sooner. In this case is a 15 year mortgage better than a 30 year? Since the interest rate is low...
Hi! First off, please forgive me for my level of tax ignorance. My friend asked me this question who is looking to get into REI and I honestly could not answer it. That's what BP is for :-).If I am grossing $2,000 ...
Hi all. Open for feedback here. I have plenty of equity in my primary residence to fund the purchase of an investment property. Buy and hold. Already own two rentals, this would be our 3rd. Very much in fav...
Hello, I am an investor, new to real estate, and I have a few questions that I haven't seen answered here in the forums yet (apologies if I missed things, I haven't read everything yet). My questions mainly pertain t...