Zapata Tate
Buting new duplex in Dallas, NC.
I'm under contract for a duplex in Dallas, NC, and I'm a little nervous. They asked 419k, I'm under contract for 365k with a 3.5% seller concession and a 1.5% commission (I'm a new agent). Rental market says 1200 to 2...
Sachin Bhat
Hard Money Quesrion
So if you have an option to purchase a property to buy and hold with a hard money and you have two option which one would you chose? Options being as follow First lender charges 3 points and possibly 8% rateSecond len...
Nicholas Salman
What is your strategy in this current market?
Hey, guys, I just wanted to see what everyone is thinking and feeling as the market continues to shift. I know interest rates are high and it's making several people feel uneasy and sometimes throwing the numbers of...
Jeffrey Pence
HELOC and how to use my homes equity
My wife and I inherited a house 9 years ago with a value of 185k. We have been renting it out since then. The value is now 480k and I would like to take out a HELOC (or get a mortgage?) for the property and use that m...
Ray Martinez
Cash Out Refi or HELOC?
Hey everyone,
I'm looking to tap into the equity of my home in order to invest into a 2nd property.
My question to you is if I should do so as a HELOC or as a Cash Out Refi?
I'm expecting about $80-$100k would be a...
Ariela Perez
HELOC and HEL on Primary and Conventional
Hi everyone!I am new to investing and to BP! So happy I have found this forum!I have a good amount of equity on my primary home and currently applying for a HELOC. I have a high interest rate (4.375%) on my 30 year bu...
Kumar Gaurav
Is no closing costs during refinance just a myth?
Hello,I just got started shopping to refinance my 30 year mortgage loan and coming across few ads that say "no closing costs" and it sounds exciting to me. I am wondering if it's just a strategy to attract more custom...
Jordan B.
Where did you get your HELOC and why??? - July 2023
Hello, I have some equity in my primary home and I am looking into getting a HELOC in order to fund my next two investment rental properties. I was curious as to what lenders people have been recently going with and w...
Sarah Auriemma
Modest income trying to make the right decision for my family
My husband and I own a SFH- it’s a ranch 2/1 with a 2.75% interest rate. We owe 200,000 on it and have $100,000 available to us via a HELOC. We make a very modest income (about 80,000/year) and have 2 small children. ...
James Ford
Leveraging Free and Clear Properties
Wanted to get some advice from others on how best to harvest equity of single family homes that are currently free and clear of all debt. We would like to use these funds to help us grow our portfolio but have not bee...