Westin Hudnall
Using 401 K money to pay off my primary mortgage - Good or bad idea ?
My story : I'm 30. Fully vested with $55,000 in my 401 K . My primary mortgage has a balance of $35,000 left of my original $182,000 loan I got 5 years ago.I made a lot the past few years during the down economy and w...
Christopher Hand
Looking at where to start.....Priced out of local Market
Hello Everyone,Backstory:My wife and I up until recently have been buying and renovating homes and then selling after 2 years or so to avoide paying taxes on the gains. Well it looks like this last reno will be the l...
Kim Durst
Selling it all, are we being suckered?
What do you do with the proceeds from sales when your done with property rentals? It’s time. We are on the way to retirement. We own several properties and are tired. We have sold all but two. One just hit the market ...
Troy Sheets
NEW CONSTRUCTION SINGLE FAMILY BREWERYTOWN PHILADELPHIA
Let's not be coy, we overpaid for this lot, but we knew it going in this time...which is a refreshing change for us. We bought this lot as a marginal deal thinking that if all went well we'd be lucky to make $30k and,...
Josh Myrick
New Rental Concept and would like opinions
So we are in closing on a property in Fairview, NC just east of Asheville. I wanted to discuss our ideas for the property as an STR and get some feedback and maybe a few other ideas. I have checked AirDna data and the...
James L.
My first multifamily deal
Hey everyone, so I have a duplex in round rock. I'm kinda nervous, I ran the numbers it seems ok but some feed back would be appreciated.So have it under contract for 180k, 20% down finanacing 135k @ 4.3% for 30yrs. I...
Jimmy H.
Using HELOC to finance investments with no money down
I am a young guy with a bit of experience in real estate. I just inherited a home, free and clear, that is worth about $300,000. I have read many discussions of no money down transactions, I understand the pitfalls, t...
Olga Levin
Lent money on second lien to a rehabber who stopped communicating
Hello BP community, Really need some help and ideas on dealing with this situation. I know I probably shouldn't have done this deal, but I have lent on 2nd liens successfully before. This one however, gone pretty bad...
John Paul Whaley
What happens to rents during a recession?
I am a new investor in the DC area trying to get my investing career started with a rental property (or perhaps a BRRRR). Whether you are a seasoned or newbie investor, I’m sure that a potential recession is at very l...
Account Closed
HELOC to replace my current mortgage
I have recently purchased a condominium as my primary residence in August 2018. I am on a 30-year fixed with 4.75% interest rate. Can I replace my current mortgage with a first lien HELOC? I tried a few times to obtai...