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I have some equity I want to pull out of my property using a HELOC for the down-payment of a buy-and-hold investment. Does your underwriting change when you use this strategy? How do you factor in the interest payment...
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Hi all,After reading David Greene's book, I've started looking at long distance rentals. I got preapproved and found an agent. The agent suggested multi unit properties.It seems to me that in David's book and in Brand...
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Hello everyone,My name is Devin and I’m pretty new to the spectrum of Real Estate. I’m currently reading The Book on Rental Property investing. I’m on chapter
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What loan limit is it time to consider refinancing out of a VA loan?By the end of the year I would be at the 1 year mark on my first multifamily purchase and am in the planning process for my next purchase. I do know...
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I have tried searching because this question has probably been answered but lets say i don't need the money at the end of the year and i have NOI of like 12k. IF i were to just pay 12k on my principle would i still pa...
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Hey all,I have a duplex under contract in Ogden Utah. It is a 2/1 with 700 sq/ft per side. Asking price was $154900 and offered $144900 and was accepted. Roof needs to be redone. One side had a tenant who smokes in ...
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I've been reading up on yellow letters and I've noticed that people either use a long letter or a short letter.
I was wondering which letter has more a response?
My goal is to target non-owner occ short sales.
Al...
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I'm listening to Rich Dad Poor Dad again. It's like the Christmas Story to me; ya just gotta do it annually.
I'm thinking about making my own nickels.
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Hi BP!
I was wondering if you were to BRRRR using a PLOC to buy & rehab, would that affect your DTI, therefore affecting your cashout refinance?
Also, does anyone know the current PLOC interest rate? How much d...
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"...we can all keep our coverage, just as promised — with, of course, exceptions: Those who currently have private individual coverage won't be able to change it. Nor will those who leave a company to work for thems...