I'll keep in brief. What is the general philosophy regarding paying off an investment property?I'd really like to hear the opposing sides. More equity means lower payment and higher monthly cashflow...my beer math tel...
So I have laid low the past few years with investing. I had little drive to grow beyond my 3 properties ( 7 units, 6 rented units). Now I'm looking to move forward with my 800k in equity. Looking for thoughts and sugg...
I bought my first property in Myrtle Beach about 4 years ago. I paid 70k and now owe about 50k on the mortgage. I put 14k as a down payment then. It is a 2bd 2bth condo. I recently moved to Charleston, SC for a new an...
Hi BP Bay Area community. New investor here. I am trying to figure out the best way to leverage lending to buy additional properties. I have 2 properties with lots of equity (estimated: 800K). I looked into convention...
Between the 21 rental properties I own - I have approx 600K in appraised equity. Each property has already been refinanced to the maximum value that I feel comfortable with cash flow numbers.Rather then pay 12% on har...
I’ve been lurking here on and off for a while and am hoping to get some advice before seeking out a CPA.
I bought a condo in the Bay Area back in 2000 or so. I lived in it over 5 years and then moved out during the...
Good afternoon. Does anyone know if you have a 1031 property where it is fully paid off, may you use the equity to get a line of credit for non-commercial purchases? If so, is there a waiting period that you must ow...
Investment Info:
Single-family residence other investment in Ladysmith.
Purchase price: $144,000
Cash invested: $29,000
Personal home rehab for Home Equity Loan
What made you interested in i...
My family has two properties, one a residential rental, just renovated, in seaside community. This property has two structures, a main house 3br/3b, and boathouse 3br/1b, sleeps 14. 240k mortgage, market value est $...
Hi everyone, newbie to the BP site here.Intro: I am "retired" with a high net worth, but living mostly off of savings. Over 50% of my NW is in real estate, most of it rented, but at a low CAP because the resort proper...