Scott Pennington
Sell my rental property to pay off CC debt
Should I sell my rental property to pay off CC debt or get an equity loan and have the tenants pay the loan?
Ashley K. Butler
Loan App Process and Networking
Hey BP Community!So, I am currently going thru the loan app process and my "pre-approval" loan amount is looking at about $100K, which I know is tough but not impossible to navigate for initial home purchases.I am a s...
Jack Rozema
Personal v. Commercial Loans
When looking to finance your purchase of an investment property (I'm thinking of smaller properties like single family homes or duplexes), is it better to use a personal/conventional loan or try to get a commercial re...
Gleason Jones
PLEASE HELP A NEWBIE - 3 times the monthly rent
So i've always heard on here that the income from a renter needs to be at least three times the rent. Currently i have a single family home and my first applicant is making $70 less than three times the rent. But he's...
Babu Ramadoss
Why should we do 30 yr when compared to a 15-yr mortgage ?
Hi
I understand that people advice higher Cash ROIs to evaluate a rental (investment) property so that you will have cashflow. However, I am wondering why is it not a good option to go for short-term loan so that...
Julie Bradley
Seasoned investor guidance on strategy
Hello,Seeking guidance......I will do my best to give as much detail and keep it short. All wisdom will be greatly appreciated.Current situation:Househacking for 3yrs - 2 unit property with 80k equity and 720 in month...
Dave Smith
Starting out with HELOC
Working on getting approx. 75K in HELOC money. I have a full time job. I'm in the Kansas City market. Interested in duplexes, 3s or 4s in my area, in a way I can use BRRRR to develop cash flow, and acquire 10-20 pro...
Account Closed
Question about depreciation.
When you sell a property and do a 1031 exchange to defer the capital gains, does the new property you buy restart the entire 27.5 year cycle all over again?
I know the capital gains follows you but can you continue t...
Natalie Barber
Distressed Property / Wholesaling
Hello,Im new to the wholsaling thing and sent out mailers a few months ago, and then stopped... and someone just recently contacted me about selling their property, they told me they owe about 4,000 on it (mortgage) ...
Tom Volpe
LLC Holding Title
Hi All,I completed my first rental investment May of 2016. I was told since my LLC had no credit/assets, to buy in my name, wait until my mortgage was bought, then transfer title to my LLC. I have completed this proc...