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So I called the bank to do a cash out refi. For $150,000 mortgage on my primary. My payments will be $2000 a month with a 6.75 interest rate. I have all this equity & still can’t afford to have my money work for m...
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I am still having a tough time understanding 'cashing out the appreciation' of a house - I still don't fully understand how it works, but I was wondering, does anyone here live off of that? IE - buy property for $150...
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Question for you experienced investors. I’m looking at buying my first investment property. Here are my finance options, which would you pick and why. (I plan to buy an off market, then BRRRR)- Use cash on hand for do...
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Hello,I was approached with a Off market deal for a small property in Anderson, 2/1 700 sqftThere is a M2M tenant paying a healthy amount in rent, I was going to just pay cash for this place, it is well under 100k.The...
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In my area is a walkout basement duplex for rent. Each side has approximately 2,200 square feet and 3 or 4 bedrooms. The duplex is in good shape and in a good convenient neighborhood. Market rent for each side is $1,...
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Howdy Fellow BPers. I'm hailing from Fallon, NV. A very rural ranch/farm area east of Reno. I have been thinking, planning and fantasizing about Rental Investment for about a year now. Awhile back I moved from Fallo...
I am interested in transferring my 401(k) from my previous company into a Self-Directed 401(k) - NOT a Self-Directed IRA - for the purpose of investing in cash flowing rental properties. However, I don not have a busi...
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Hey guys, I'm looking for some creative ideas on renting out our home. Currently, our mortgage is approx $400 higher than what I believe we could get for renting our home. I fully intended to rent it out by the room, ...
This is my first post here. I'm currently learning everything that I can to start accumulating my own wealth in RE investment, however this post isn't about me.
Let's say that "John" (age 63) has $1,400,000 ...
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What would you suggest? If you had 150,000 free to invest in rental/buy and hold properties. You could purchase perhaps 1 or 2 houses free and clear with money.
or
You could take that same amount and leverage them...