Richard Heineman
Velocity Banking Strategy
I'm interested in implementing the velocity banking startegy to pay down debt quickly. However, I don't own a home or any property for that matter. Can I set up an LLC for my business and build up my business credit...
Justin Tahilramani
Offered 2.8% 30 year fixed Refi - Thoughts?
Opinion on re-finance terms:
Im currently at 3.625% with about 26 years left on a 30 year fixed.
I was offered 2.8% 30 year fixed on a VA IRRRL refinance. Loan would
re-set to 30 years, but principle and intere...
David Espana
I am private lender on a rehab property that is not selling.
I have loaned (2nd position) to a flipper using my SDIRA. A hard money lender was utilized for the 1st position loan. The property was purchased around mid-August 2018 and placed on the market in November 2018. It is ...
Zach Rubin
Extra Payment on first property or waste of time?
Hello community,The wife and I just purchased our first property that will be our primary for the first year or two on a FHA loan. We do plan on refinancing it after that time due to the ideal interest rate we are pro...
Account Closed
Strategies for Home Ownership as a Real Estate Professional - Pay Taxes or Take Write Offs
I have been in a good/bad dilema for some time based on my success as a real estate professional. Since we are growing and taking on new projects, my write offs have steadly increased or at least kept pace with my i...
Ryan H.
Paying Down Mortgage with HELOC?
Hello, I'm trying to understand whether paying off my mortgage balance using a HELOC would make sense. I am feeling confused about it, because the terms of each are so different. The mortgage is a long-term, fixed r...
Matt H
What would you do with $10m dollars?
If you did a deal that made you $10,000,000 dollars net, what would you do with it? The reason I ask is because I figured out something interesting just the other day. But then I started debating what on earth one wou...
Jake Kozul
Time to Leverage....
I currently have 13 properties, 12 free and clear (all rented). I am looking to leverage these for a flip and to for other buy and hold opportunities I have in markets within an hour of where I live. What lending inst...
Axel Meierhoefer
How valuable is a new build home to a buy&hold investor?
I am about to invest into a brand new build property in Mississippi. The cash flow has been reduced a bit by the recent interest rate hikes, but it is still about 7% return . I'ts a turnkey deal in a B+ neighborhood. ...
Danny Randazzo
What does financial INDEPENDENCE mean to you?
Happy (soon to be) Independence Day BP Community!What does financial independence mean to you and how are you planning to achieve it?