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Hello All! Newbie here! I’m looking to tap into my primary home’s equity to purchase a buy and hold. I’m trying to figure out the best strategy to go with? Should I do an interest only HELOC? And why?Thanks I’m advanc...
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My wife and I are REI newbies so your feedback is appreciated!! We need to relocate closer to my W2 job location so we need a primary residence but we also want to get started on our REI journey. Not really wanting ...
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I'm an amateur flipper who completed his first flip and listed the property for sale. The property was purchased using a traditional owner-occupied mortgage and is a SFR. I am currently living in the property as my pr...
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Hello BP friends,I am working my first deal and trying to figure out the best financing option. I own a primary residence through Va financing, have 15k saved, 735 credit score, and a steady income. Looking at SFR 60k...
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Does anybody have any recommendations for a lender that can help me finance a property in South Carolina? I am trying to purchase a piece of land that has a 1971 single-wide mobile home on it. The home is in great sha...
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I'm very new here but have done a lot of reading. I know some follow "creative" financing strategies, however, I am not much of a risk taker and am hoping for minimal risk. Our goal is to buy and hold to allow for "ma...
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My wife and I currently own two short term rentals in Tucson, AZ. Both were bought as investment properties using conventional mortgages and 20% down. Navy Federal, who I bank with, has a second home mortgage with a...
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Hi, I rented the rooms out in my basement this past year and collected $16,200 in income. How can I best handle this income, come tax time? It's obviously a good chunk of money that will be added to my income but have...
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Hey all,
Hope everyone is doing well. I wanted some feedback on a great problem to have. (I think...)I thought I had good rentals. Haha
The credit union I use (Space Coast Credit Union) told me my DTI was too high ...
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Hi, my name is Frankie, I'm looking to purchase my first rental property in which I will be living for the first year. My question is since we are in such a competitive market. Can I get a loan from a hard money lende...