Justin Hack
Refinance vs. HELOC vs. Hard Money
Hello BP, I am new to the real estate investing world, as I am sure many of you are, and I am having a tough time deciding how to finance my first deal. I bought my primary residence property for roughly $100K when I ...
Giuseppe Rosellini
Can you change the name on the title of a home without penalties?
A family member wanted to change the title of ownership on a home in CA without penalties in order to sell the home and move. As far as I know there are penalties that come with this, any advice? for context, the pers...
Jaago Viitkin
J Scott Analysis
What am I missing? What is the formula for Equity Accrued?I am calculating equity accrued in this examplehttp://www.biggerpockets.com/renewsblog/2010/6/30/...He gets 3251 dollars!I get 2129x12-320000x7% = 3148 dollars...
Karen Margrave
Note against property
Bill Gulley Someone was asking me a question on their home. The Seller is carrying back a note secured by a 2nd deed of trust. The agreement they have is that there are to be no payments on the note, and the buye...
Vlad Denisov
Do profits from Refi benefit GP directly?
We have 8% pref and plan to refinance into GSE on year 3. We return 50% of the capital to investors. Do we split this payout like any other cashflow? Let's say we have a cumulative 70/30 split. Let's say year 3 brings...
Nur Al Sharif
Selling a mortgaged home
Hi all,I've been running some numbers trying to understand long-term gains on residential real estate investments, and came across a scenario that I can't wrap my head around. If I take out a $331,500 mortgage at 4% o...
Brianna Wickham
How to estimate repairs and maintenance
New to investing - what’s a good rule of thumb to budget as a cushion for normal home maintenance and repairs (IE: roof replacement, HVAC replacement, etc) for an older home versus a newer home?
Jeremy Suffel
Private Financing Analysis
All,I'm currently analyzing my first BRRRR purchase. Being new to this, I want to make sure my financing is solid.The offer:$75,000 Credit Line @ 5-6.5% interest$5,000 one time fee at refinance (no interest)If I sit o...
David Wilson
Using multiple HELOCS
Im looking a buying a single family home for 60k. Paying cash with my HELOC. It needs about 12-15k in repairs and should sell quickly for at least 130-140k when all done. I just opened up another HELOC on a duplex th...
Stephen Spradley
Costs associated with buying a home?
So, having never been a homeowner before, I'm wondering aside from the down payment, what are the other costs accrued in the home buying process? I believe I read somewhere that you should usually have at least a gran...