Michael Randle
HELOC to make downpayment on Multi-Family?
It would seem that a HELOC for a down payment on a new investment property when it comes to SFR or 2,3,4 Plex is a no go due to Debt to Income ratio.But can I use a HELOC as a down payment on a 5+ unit?
Derek Sperzel
buying "in the hood?"
I have been looking for my first house to flip. I have found some great deals, but most of them are in the low income, high crime rate part of town. I am concerned that although I can purchase these houses for a low p...
Leah McNell
First Turnkey...just do it?
Hi all! My husband and I are itching to get into real estate, but currently live overseas (military). One option we are exploring is Turnkey properties. We feel like it will help us get started in real estate, help us...
Scott Kwiatkowski
Advice on my thought process for starting my real estate process.
I am in the military, and my wife and I will be moving at the end of this year somewhere to the East coast. We will have about 75k saved by that time and in a couple years should be close to around 150k. We are from L...
Gregory Heddaeus
Keeping First Home as Rental While Upgrading To A New House
Hello,
This is my first time posting as I am new to this site.
I am currently searching for a new house and I am trying to work it out so that I can keep my current single family house which is in a good rental ar...
Neal Stanfield
Turnkey or not in IN, FL? ...the right PM...
GOAL: Purchase a sub 100k single or multi-family turn key property in IN, or FL for long term cash flow, (appreciation is a cherry on top) before Dec. 31st 2019. (this will be my first rental property and I could fina...
Tim Mikesell
Newbie from Decatur, IL
Hi, all! Thanks in advance for the welcome.I'm a physician, just finishing up training and a brutal divorce. Doctors are paid in insults and peanuts until they finish training, so I am used to living cheaply, and wa...
Nathan Frost
Home Flip No Money Down
Hi, its been awhile since I have ran the numbers on a flip and looked into one. How does one go about flipping a house again with no money down?Does the investor purchase the home at 70% the appraisal value or 70% th...
Claire D.
BRR(R?)R - Help explain refinancing portion
Can someone explain the refinance portion of the BRRRR strategy and how it allows you to (ideally) gain back all the cash you initially put into property while still maintaining equity? Examples or personal stories wi...
Arlan Potter
Banks - Can't live with em, can't live without em
My deal. 25% seller financing. I wanted 75% bank financing. 2 different banks won't even take it to committee. One of the banks, I have dealt with for 10 years. Many loans on properties, lines of credit, construction...