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Hello brilliant investing minds,I have an interesting scenario for you. Say you have a home that you are given free and clear that is paid off and is valued around $100,000. But here is the catch. You are given this h...
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Hello, would someone be willing to help me analyze whether I'm financially ready to purchase my first rental? I'm considering taking out both a HELOC and obtaining a loan for the rental property, but I worry that I'm...
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Hello BP. I am reaching out because I am in a bit of an unusual situation and need help/advice. My brother and I share and own a house in Whitehouse, TX. It is actually a Duplex. We both have lived in the home the pas...
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I have a ton of equity in my primary home and I plan to stay here for another 12 to 15 years. My current loan is around 100K at 2.75% interest and estimated value of 650K. My payoff would be in 2021.
I have an oppor...
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Newbie post here as I still tackle some of the basic learning concepts before buying my first investment property.I have *some* money saved up (10K, which is not much at all in my market where 3/2's go for 140-190k). ...
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Hello BP,I am looking to get started in real estate investing with rental properties and am having a hard time deciding on the best path to take, based on my current setup. Hoping to hear some thoughts from the commu...
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So once again I find myself seeking the keen wisdom of the BP brain trust. :DI currently have four properties all financed with conventional financing through my credit union. Three are current single family rentals a...
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Investment Info:
Single-family residence buy & hold investment in Citrus Heights.
Purchase price: $160,000
Cash invested: $40,000
Sale price: $230,000
Long story real short: built a 700sf add...
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Hello!
I recently refinanced my primary home, and am now looking into getting a HELOC to use to acquire a rental property. My plan is to BRRRR, which would include credit pulls for the purchase (hard money) and refi ...
Question: Say there's a house that has 2 units in it. They rent for $700 each. On the market for 90k. I think it needs approx. 15k in repairs. 90-15=75k. I offer 65k and they take it. So 65k+15k(repairs)+3k(closing)= ...