Mike P.
Would you do this Sub2 deal?
This is a 3 bedroom 2 bath house 15 minutes from my house and in a C+ neighborhood. It's currently rented for $925 and I'd keep them in place. The financing is $59,000 for 20 years, the escrowed payments are $660, tha...
Ben Jamin
HELOCs and Loans - How to get both without damaging my credit
Hi All,I'm considering a HELOC to help with a small portion of a down payment on a property. However, if I do move forward and take out a HELOC and then turnaround a week later and apply for a mortgage loan, won't I g...
Roger E Terry
Selling a rental property to pay off my primary residence
Considering selling a rental unit to pay off my primary residence. I have 2 townhouses in a very good area about 4 hours from my primary residence. From the outside the two combined look like a duplex and share a co...
Ken Wicks
My First Investment Single Studio
Investment Info:
Single-family residence buy & hold investment in Atlanta.
Purchase price: $74,500
Cash invested: $12,000
Single studio apartment. Did not work out with the first renter however,...
Mark McGuire
Already closed. Use HELOC or refi to pay myself back?
Looking for advice here on what would be best to pay myself back the 18,000 I used out of pocket for closing cost and down payment. I just closed on a house for a price of 75,250. After fixing some cosmetic things i...
Adam Camacho
First Investment Property (Duplex)
All,I would like for your feedback on the following offer. This duplex will be my first investment property and scared to make a bad deal that will follow me for years. I'm confused about the Monthly cash flow. Is it ...
Christian Garcia
Finance
Can someone tell me what it means to refinance a house or an apartment complex ? I have no clue what that means
Brandon Carriere
[Calc Review] Help me analyze this deal - Looked good at first?
View report This looked good at first glance, but maybe not so much after digging in? Using equity from a paid off property for down payment so P&I would be around $460 for a 76k loan, which I factored in as...
Aaron K.
Temporary loan for one week - transactional funding appropriate?
I'm anticipating on making a cash offer on a small office building in my area, which means that I'll need to submit a proof of funds letter with my offer. The cash will partly come from the sale of another property ...
Billy Seol
Purchasing with HELOC, how to send to escrow?
I'm about to purchase my first investment property fully funded with a HELOC. When I purchased my primary residence I had wired the required funds to an escrow account, but since this is my first time using a HELOC i'...