Ryan Acain
Repay 401k Loan or Continue Saving
I'd like to hear suggestions on my current situation. Currently I have $8k 401K Loan (4.25%), and $10k in Bank savings account, no other outstanding loans or credit card debt. My goal this year is to save $20k to inve...
MIchael McCUe
Is debt relief a good idea, filing bankruptcy
Money isn't easy to save and $10,000( my debts) is a ton of money I want to save for a downpayment, I'm just starting so I don't have any money I would like to save $60,000 to buy a rental property, I think I could do...
Matt Bouthet
Paying your own rent while househacking
Hey Everyone,
I am planning on opening a new bank account for the MF property I plan on househacking with an FHA loan. I have been analyzing the properties with the consideration of living there the first year as wel...
Samira Schadt
Waiting and saving to buy first home in 6 mths or 12 mths?
Hi BiggerPockets people!I would like your advise and opinion on the following: should I extend my lease for another year in my current apartment or for only six months before buying my first home? If my husband and ...
Kumar Gaurav
Mortgage rate heading south - refinance 3.5 30y?
Hello,I currently have a 30 year Mortgage loan at 3.5 rate of interest on my owner occupied triplex that I bought less than 3 years ago with 20% down at 750k pp.With the mortgage rates getting lower and lower when wou...
Cody Miller
Where to start
I have been in my home for 7 years and have accumulated some equity and wouldn't mind using this to buy a rental
Gavin McHenry
Financing Options: VA or Conventional
I am currently active duty Air Force and looking to make my first purchase this fall when I PCS. I plan on house hacking a small multi family.
My question is about financing.
Would it be better for me to use my VA ...
Mark K.
Should I buy more or pay down the mortgages?
I'm fairly new at being a REI. I closed on my first SFR in January of 2017. I now have 3 SFR and 1 triplex. So, 6 doors.I put at least 20% down on each. I have two with 5/1 ARM's and two with fixed rate, 30 year mortg...
Jesse Looper
Home to Rental Property - Cash on Cash Return vs. ROI
I am considering renting the house I currently live in when my wife and I upgrade. Since it was considered my primary residence when I bought it, I only put 10% down payment. When evaluating the profitability of this ...
Chris Risi
Refi in Los Angeles- to Cash out or not?
Hey all, trying to decide between these two options. Anyone have any advice?
The interest rate for cash out is 3.875% Principal and interest payment $1,833.92 loan amount $390,000 cash out to you approximately $40,...