Alex Ciuca
Calling All Pittsburgh Lenders
Hey folks, I created a post a few weeks ago about my wife an I starting to invest in SFH and MFHs in the Pittsburgh and/or Columbus markets. Sure enough, we found our first deal and made an offer which was accepted. N...
Peter Szilagyi
HELOC or Home Equity Loan
Currently have about $200k-$300k of equity that I am looking to tap into, but not sure if I should go HELOC or Home Equity Loan (5% for 20 years fixed). I don't have a property ready to go, but would use about 25% to...
Me Him
Recently purchased a rooming house, looking for some advice
I recently purchased a rooming house, and I'm looking for some advice for how to maximize my profits and minimize headaches. It's a 9 bedroom house in Seattle, and currently fully rented out to reliable people who hav...
Clair Lauderdale
Has Anyone Shopped Around for HELOCs Lately?
I am considering securing preferably one HELOC on 4 properties that I have full equity in. I have spoken to one community bank here in Atlanta, but their origination fees seemed high (1% of total amount) and they wer...
Eric Chiu
Should I get a Home Equity Line of Credit to payoff mortgage?
Hello BP members!Here is a break down of the properties that I own and how much I have left on the mortgage:Primary Resident250k 3.375% 30yr fixedInvestment Property50k 4.25% 15yr fixed110k 4.375% 30yr fixedMy questio...
Sean Brennan
Who uses standard mail for yellow letters?
I set up a standard mail, pre-canceled stamp account with the post office and now they're telling me that the yellow letter does not qualify and that it is first-class mail because it includes personal information, i....
Jayson Trierweiler
Please critique my Vacancy Allowance formula
Essentially is as follows:New Lease Fee (one month’s rent) + Expected Missed Rent + “Refresh” Cash(Refresh Cash = the amount out of pocket to prepare the property for new tenants, after tenant deposit is spent)It look...
Christian Requejo
Pros and Cons between HELOC and Bank Construction loan for New home construction
Hello everyone, I need advice in reference to using a HELCO or Bank Construction loan to build a new home. I have a lot and I want to build a new home on it as my primary residence. I currently own a home with a lot o...
Patrick I.
Rental Analysis - Cash Flow
Hi MN BP Community!I was wondering if you could share with me your experience regarding analyzing rental property and what your ideal cash flow looks like!Brandon Turner (BP Co Host), when analyzing rental properties,...
Michinori Kaneko
HELOC vs Home Equity Loan
Hi everyone,I purchased my primary resident in Queens, NY about 5 years ago. Thanks to crazy NY Real estate market, I have significant amount of equity on my PR which i'm considering tapping into to invest in other r...