Bharath K Raju
Leveraging Rental Property Equity: Sell, Upgrade, or Hold for Growth?
Hi BiggerPockets Community,
I could use some advice on a decision I’m grappling with regarding my rental property located South Charlotte area (Ballantyne area, in NC 28277). Here are the key details of my situation:...
Anibal Mijangos
Using rental property for financing
Hey everyone! Would love some financing suggestions. I'm trying to use a current rental property as financing for another since there's only about $6k left to pay off on a HELOC we got when it was our primary residenc...
Dee Jay
Best route to borrow for a new rental additional property in LLC
I am looking to borrow 250k to buy a 300k rental property which would be in a new LLC.
I currently own 1 rental property (250k) in an LLC and current home with no mortgages. what would be the most recommended borrowi...
James Mercer
Using HELOC on a subject to deal possible or not?
Hypothetically, if I took over someones existing mortgage subject to and owned the property cause I have the title now, would I be able to get a home equity line of credit or equity loan on that property if it had a g...
Kai Soremekun
Elderly Woman Being Foreclosed On
I found a property that is scheduled to go up for auction on Tuesday 11/22/22. Looks like it has been postponed once.
The house is paid off. It was last sold in the 80s for 172k.
BUT an equity loan was taken out on...
Michael McNally
Just beginning in restate
Hello,I have recently acquired a two unit property willed to me through a close family member (paid off). I’m extremely interested in restate and have been wanted to get into it for a long time but have lacked the cap...
Jordan Brandon
Down Payment Options:
Hello,
I am just starting to explore the idea of purchasing a rental property. I have a mutual connection that is suggesting I use a home equity loan on my primary residence for a down payment on a duplex. Is this a ...
Rahim A.
Is interest on a HELOC tax deductible?
Hello BP,If I take a HELOC on my personal residence, can the interest on this loan be tax deducted? The funds from the HELOC will be used to purchase additional investment properties.Thanks
Michael Ashe
How should I finance my 1st rental
Just starting the process of planning my 1st investment property purchase and I'm not sure how I should handle financing. I have about $75,000 in equity and I'm interested in using a HELOC or Equity loan for my down p...
Tracy Briggs
Won bid on Courthouse Foreclosure sale .... NOW WHAT!!!!
In NC there is a 10 dsy upset period, I was awarded bid today.
Bid amount $55,000 .... confirmed recent comparables $125,000-$135,000.
Home needs $25,000-$30,000 in repairs very worst case scenerio.
I want to flip N...