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I need some advice on how to best use a 250K HELOC.
Background:
I live in the Washington DC suburbs of Maryland. Bought my starter house in 2014. My wife and I thought we would stay for a long time so we renovated t...
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Hello all!I haven't been in the forums in a while, been more of a lurker. But I find myself at a point on my BRRR journey where I am getting very close to finally pulling the trigger on my first purchase. My plan is ...
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I have a partner and wanna run a possible strategy by this group.
Say I buy house X for $200k, get a mortgage on it for $100k, then quit claim it in an LLC and sell half of the LLC to my partner at the same valuatio...
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In a recent post I follow I saw someone calculate the leverage percentage of a the deal being discussed which got me thinking. I know of the 1%,2%,3% and 50% rules but I don't think I've seen a general guideline on pr...
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We own a 3 family in Syracuse, NY that is paid off and held in an LLC. We are looking to leverage some equity for our next purchase but can’t decide on a cash out refi or a heloc. We know heloc’s can be tougher with I...
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I connected with someone recently that said they are paying $600K cash for a 6 unit that is going to generate around $110K in GOI per annum. Wouldn't it be better to put that $600K towards a 16 unit apartment complex?...
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Hi everyone, my name is Marshall Snyder and this is my first post on bigger pockets. I am an 18-year-old in Indiana and I am a 50% owner of two SFH's with the other 1/2 being my father. I also personally hold about 11...
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Alright bigger pockets folks I am struggling with a topic that is talked about a lot concerning debt. Disclaimer I am a product of Dave Ramsey. So I am 100% debt free personally, within my rental business I own 13 do...
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Would you guys be against paying cash $50-100K for a property once a year?
I understand that you could build a portfolio faster by leveraging and at the same time earn so much more. But, if you didn't want the risk ...
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I'm in a position where I can using leverage over and over to buy more properties.There would be cash flow in my area because the properties are not expensive however they do not appreciate much and the cities around ...