Rusty Robinson
Raw Land + Need a Loan to Build
Long time lurker, first time poster. I'll try to keep this short and concise. I own free and clear, 17 acres outside of Houston, TX. The county appraisal values the property at $200,000. Raw land, no structures.I woul...
Aaron Webster
Comprehension Question Regarding Interest Rates
My apologies for the simplicity of the question. Why exactly, does a rising interest rate diminish the appeal of owning real estate for the purpose of renting or flipping (for investors)? One can assume this is due to...
Tom Hall
is it a good idea to pay of my mortgage fast?
My mortgage rate is very high and I would like to pay some of it off, so that my monthly payments would go down a bit, I dont know if it is financial smart to do it or not? any advice on paying mortgage off or faster
Derek Sperzel
Business Line of Credit, Full Coverage Insurance Needed?
We own some rentals in Ohio which cash flow well and we intend to hold them for the foreseeable future, but aren't worth a lot from a retail value perspective. They are worth maybe $140k across four properties, we ow...
Alex Martinez
Pay Cash or Finance with BRRRR
Hi BP Community,
Can some BRRRR investors please share their thoughts on using cash vs financing when implementing this strategy? Please see my thought process below:
I haven't come across any posts on the using cas...
Account Closed
Refi to a fixed rate?
I have a 3% variable rate on a home that I that I used to live in and now rent out. Non-owner occupied and the equity is about equal to the mortgage since I took out a 2nd on it long time ago, I've been considering a ...
Mike Dodd
‘Cash Out Refinance’ or HELOC?
I’m wanting to buy my first rental property this year. I’m about a month out from finishing renovations on my personal residence. My plan was to in a way to do a BRRRR except that I would continue to live in the prop...
Nick Ragland
How to best leverage HELOC??
Hi Everyone,I have a multi-family property , renting one unit and living in the other unit. I have a HELOC (50k) and want to leverage, but I'm not sure if I should use part of it as a down payment for another investme...
Steve Weinstein
Rental Rate Decline and Interest Rate Increase Scenario
BP. I was not in the game around 2009/2010 and a few years after when the market was in turmoil (unfortunately missed the opportunity to buy dirt cheap at low rates). I am in South Florida but as a whole did rents s...
Chad Friesen
Holding company
Hi can someone explain to me how a holding company works. I sat down with my mortgage broker yesterday and she told me after 4 doors i will need to put any more properties i buy into a holding company. I should have a...