I cant grasp the refinance and cash out portion of this strategy. I need someone I can call, I cant comprehend it any other way.Home under contract to purchase for $110,000Put down 20% ($22,000)Get a loan for $88,000 ...
I'm looking at a deal to buy a triplex in Denver. Based on local cap rates it's nothing special, but if I took one unit for myself and rented out the other two via AirBnB, it would pay the mortgage and kick off 4-600 ...
Hi,
I would like to take out a Heloc on my rental property. Does anyone know a bank or credit who does that? Thanks,Dany
Hi everyone, I'm a newbie to BP and REI and very excited to get started! One of the biggest concerns (or misunderstandings) I have holding me back is the argument over whether to carry long-term mortgages on rental pr...
Hi community! I'm just starting out the RE investing journey. I'm looking at properties in the North Carolina market. Just read a "short-term rental long-term wealth" book and currently reading a book on MTRs, the "30...
Hello, everyone - My name is Mike. I was reading some of Brandon Turner's content on the site and realized this seems like a great site for landlords.That said, I'm still not sure if I should go that direction. As I'l...
Hello,I just inherited a condo in Clearwater, FL. It’s a 1 bedroom, 2 bathroom officially. It’s really a 2/2 but the second room does not have a door or window so it doesn’t qualify as a room. I estimate it’s value to...
Okay, here's my situation:
I'm 25 years old, Bought a house about 2 years ago for $105,000, FHA 203k loan, did some rehab to it. Living in it for the last 2 years, renting the extra rooms out to friends, making posi...