Laurie Bachorek
First Flip Funding Strategy
We are getting our ducks in a row for our first Flip and looking for your comments/advice on our strategy.
We have about $160k equity 5 years in on our primary residence. Principal balance is $208k at 3.625% (includ...
Mark Cheeseman
To HELOC or not to HELOC, that is the question
A friend owns a home in the Bay Area of San Francisco. The house if paid for and is generating rental income and he wants to know if a HELOC is a good move or not to invest in other assets.Borrowing money is very che...
Kaushik Sarkar
Best use of real estate equity in today's market
We have multiple single family homes on rental with stable tenants. Currently our rental real estate equity portfolio is somewhere in the range of $1.8 - $2M. Looking for ideas on how to leverage this equity to advanc...
Raj Vajir
Does it make sense to use equity from a rental house to purchase more rental property.
I have listened to several podcasts that recommend using equity to purchase more rental properties. I have about $100k+ in equity. Whats the best approach in utilizing the money to purchase several properties. Does...
Account Closed
Looking for Financing
A question..... best asked with a scenario:I own 3 properties(1 commercial, 1 multifamily and 1 single family home) all properties are rented with a nice cash flow. Is there a way to borrow money against the propertie...
Babek Sandhar
Renovation help! Should I take a Equity Loan, HELOC, or other
Hey BP,I would love input on what you guys would do in my situation. My mom bought a house and we were thinking of renovating the house so we can refinance and buy another property. We bought the house in 1997 for 250...
Brian Campbell
need strategy confirmation
If I could refinance my home and pull out 40K cash and save 450 dollars a month in mortgage, would that be worth it to take advantage of lower home prices.
The flip side is I'm 5 years from paying off my home, my ...
William Curry
Using equity to purchase 2nd property.
I currently own a property that has appreciated quite a bit and I would like to take advantage of the really low interest rates before they go up. I plan on buying something as soon as the beginning of 2022 or wheneve...
Mike Lindsey
2nd Mortgages?
What is the purpose of the second mortgage? What would be an example of a time one would come in handy, and how would you know that time when it came. Thank you so much in advance everyone...
Nate Downs
Buying with equity?
Hello BP, I am currently buying a 480 sq ft house that needs a bit of TLC. The lender I am working with at the moment is telling me they probably won't give me a conventional loan as a rental due to the size of the...