Dario Mormina
Partnering on a Property
Hello, myself and a partner identified a property and are in contract. The thought is that he would secure the financing in his name, then post closing, deed the property into an LLC that we have 50/50 ownership of. I...
Kyle Nichol
What should I do with my newly paid off home?
As the title states, I’m looking for ideas on what I could POTENTIALLY do with my recently paid-off SFR.
My goal is to purchase my first investment property within the next 12 months. My initial plan is/was to take a...
Angela Liu
Randolph Brooks (RBFCU) - using them for a HELOC
Can anyone share their experience with using RBFCU to do a HELOC on their primary?I talked to them about getting a HELOC out of primary home residence. Just wants to see if others' experiences lines up with my percept...
Job Hempy
First BRRR - Reno complete, financing questions
I have completed the reno on my first BRRR. Numbers below:2/bd 1/ba w/ higher end finishes. I self manage the propertyPurchase price: 16kRehab/holding costs to date: 69kAppraised: 97.9kRent: 1000/mo Vacancy: 50/moRepa...
Michelle F.
Which Banks/ Credit Unions will do a HELOC on investment property
Hello,Does anyone know any banks / credit unions that are doing HELOC / equity line of credit on investment properties?I know First Tech and PenFed are, but they both have a limit of 4 financed investment properties, ...
Justin Sofman
Thoughts on waiting out this tough market, save $ and BRRRR?
Hey BiggerPockets Fam,
I picked a tough time to get into real estate. I've got a big fat 0 properties. Only been looking to make a purchase as of this year and it is not going great. I've put maybe 5 offers in an...
David Trujillo
New investor that needs advice
Hey biggerpockets community. I am in the Denver market. I have just purchased my 3rd home. 1st home I've owned since 2009. 2nd home I purchased at the end of 2019. My 3rd home is my primary residence. Advice on strate...
Rachel Covert
Low Money Down Lenders NYC for House Hacking Property
Hello BP friends! I am looking a MF house hack in NYC, and found a property I really like, in a great location, however it's a jumbo mortgage and all of the conventional banks require a full 20% down, plus I'd need a ...
Account Closed
Financing first deal with a traditional mortgage
I am a new investor looking to purchase my first rental property within the next 1-3 months. I am a little confused because I have heard many people say that the first couple deals they just use standard financing to ...
Lorraine Hernandez
Realtor License Benefits When Purchasing
I will be getting my real estate license in 2 months, and I am currently looking to purchase my first property within 6 months. Are there any benefits from having your realtors license when getting approved for a firs...