Sean Maloney
Other and best ways to use built up equity In properties that are free and clear
I have several free and clear properties. Besides HELOC or lines of credit are there any ways people are using built up equity to secure their deals? I have heard of a way to tie a property with equity to others to sa...
Anthony ORourke
Hello Madison! What area make sense.
Greetings. My name is Tony and I am brand new to the BP community. I am looking to invest in my first rental property in the next few months. My first property I would like to look at would be no more then 50k. I ...
Account Closed
Rental Property - Accounting for Future Repairs with Purchase Price
Good afternoon, everybody,I'm working on getting into REI, and right now I am looking at the possibility of purchasing a duplex. The windows in the upper unit (and probably the lower) are original to the house. They s...
Justin Chan
Pros and cons of cross collateral loans
I have a mixed use building with an fha loan that has at least 100k of equity. I have been trying to figure a way to use the equity for another investment property. But a heloc with a mixed use is impossible. Also do ...
Alan Ouellette
Does this seem high to you?
My wife and I just got pre-approved for a mortgage. We are looking for a townhouse to rent out for income. I just received the pre-approval letter from the credit union and I want to see what people here on bp think....
Bruce Scannell
Commercial Land Contract vs Mortgage
I'm looking at a multi family property, and the listing mentions land contract. I'm trying to make the transition from SFR to MFR so I don't know a ton about the commercial property workings and practices. The propert...
Susanne Rieth
Using retirement plan to fund buy and hold purchases.
Hello. I have an old 401k from a job I no longer work. I found this in an old thread:I have $500k from previous employer 401(k), I'm 52. I'd like to buy real estate, create cash flow via rental, pay myself, and ben...
Bret Arrington
Courthouse Auction HOA Foreclosure No First Lien Mortgage
I have a question for the group. I have purchased many houses at the courthouse auction here in NC but obviously avoid the foreclosures by the HOA. But this particular house being foreclosed on by the HOA has no mortg...
Nando Gapasin
2% rule - How close is close enough?
Hi, I have a potential deal that meets all of the criteria I've learnt of BP for a potential deal:
-$162 per door
-14% cash-over-cash
+$250 for 50% rule
Unfortunately, it's at .96% for the the 2% rule. Has anyon...
Greg Clark
Comps for duplexes (or other small MFR's)
From what I can tell, comps are needed for three reasons. The first is to make sure that a duplex will cash-flow after expenses (so you would check to make sure the proposed rent price is competitive for the area), th...