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Hi, here's my question. If I buy a 4 unit multifamily property using a 1031 exchange for $2 mil then use my own cash to remodel it, then have it appraised for $2.5 mil. Can I then refinance the property and take some ...
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Hi everyone. I own property with a small house on top of a one-acre land. The city is close to approving adding two additional buildable lots (residential only) in the back. I’m running into analysis paralysis on w...
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Quick synopisis : I purchased condo ten years agao for 219,000. It is currently valued at 245000 and is increasing. It's in a multiunit highrise in quincy mass with a pool on roof. Price per sq ft in building is on th...
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I was offered to buy a rental condo in my area for $40K from an older friend of mine (probably a $5K discount from its value). While I only have about 25K to start my investing career, I thought of an interesting way...
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So iv been hearing other investors say this .... Rent what you own , and rent where you live. Sell your house it’s a liability not an asset. I agree , it is a liability. Costs me about $2000k a month to have a 3br hom...
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Just wondering what the best technique is when driving for dollars. Do you automatically send postcard if you are using DealMachine or similar type app when you find what appears to be distressed home? Or do you first...
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Hey guys! Mind giving this deal another pair of eyes? It needs a face-lift exteriorly but doesn't need much at all inside. Needs an update on an ugly brick porch (ideas?) and a small area (100 sq ft?) of shaker-typ...
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I am approaching my 1st rental property buy and of course trying to do all the homework. By the way BP.com is awesome. So rather than using my own cash or pulling money from stocks, I have been thinking about a HELOC....
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Let's take an average working class guy. He makes 60k a year and has a mortgage and a car note. 10k in liquid savings and some bedroom cash for dinners with the wife. If he decides to get into real estate, he will ne...
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Good Evening;
Has anyone had luck finding a lender willing to underwrite a heloc for non owner occupied investment property (1-4 units)
Any insight, comments, suggestions, recommendations, etc are much appreciated.
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