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Last year, I bought a small condo with some cash I had saved up. It is now appraising for around $80,000. I own it outright and the cash flow is OK. What ways can I leverage that equity to purchase another property...
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I’m interested in pulling some capital out of a duplex I own in the Hampton Roads area of Virginia. I’ve owned it for about 8 years, it’s got an FHA loan on it, there’s $112,000 on the loan, and I believe the ARV is $...
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My plan is to place my current residence in an LLC and utilize as a short term rental (AirBnb, VRBO, etc.) and also do a cash out refi. I formed the LLC, and then was notified that since I have an FHA, I could not qui...
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Hello everyone I am a new investor in the Chicagoland area, and have a question about acquiring my first property. I’ve met with an attorney to create a LLC for a wholesaling operation, but I know that it becomes tric...
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Hi guys, trying to decide the best way to go about this. Short version: Not enough liquid cash for down payment of 20% on Rental #3. Need about 35k. Have 90K equity in Rental #1 and 60k equity in Rental #2. Should I: ...
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How can I help my mother keep the house ?
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Looking to see if someone can better explain this for me, say a home purchase price is 150k and 30k is needed for down payment, relative seller agrees to a gift of equity of 30k, so the lender approves the buyer for 1...
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I have a deal where a relative of mine sent me about 20k to buy a house for his son to go to school. The plan was I would assume the loan, he would donate the money, and would also receive interest in the property.I f...
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Hello,I’m a fairly new investor in the Dallas, TX area. I’ve been house hacking a duplex for just at a year. This has worked well for me and I’m now looking to add more cash flow through more properties.From telling p...
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Hi, AllI have a question regarding the conventional loan on a triplex and would appreciate your information on it:Suppose I want to house hack a triplex and plan to move in to one of the units. Currently the other two...