I have a family member who is about to retire and has about $125k that can be cashed out of her primary residence. She is not educated in investing and no matter how much I try to convince her to get into it she just ...
Hello BP!I networked with a gentleman by the name of Jason Coutts, who runs Willow Oaks Properties LLC, on LinkedIn and I was open to talk with lenders since I'm working on syndicating an apartment deal.But upon getti...
So BP, I need your help. This year has been a real rollercoaster ride. I kicked off 2020 by initiating a refinancing of my rental, this March, right before the whole COVID-19 pandemic. In the beginning when the appra...
Hi! I’m a Massachusetts native getting ready to move to Jacksonville, Florida within the next 6 months or so to start my investment venture! My plan is to use a conventional 20% down loan to purchase a house for mysel...
I am thinking of purchasing a 25 unit group of mixed properties in one town. 2 small mobiles, 1 SFH, multiple duplexes, 1 quad, 1 8-plex. Total 18599 sq foot. Purchase price $1,000,000. Repair and closing cost estimat...
Hello,I miraculously inherited about 100k from an aunt of mine who I barely knew.I am 25 and have had health problems for the past several years that have left me unable to work for long periods at a time. I am curren...
Looking to take advantage of low mortgage rates and also get some equity out of a rental property. I imagine since now is the time to do it lenders are swamped and may have higher expectations. Just want to see if any...
Last week I saw and made an offer on a house built in 1960 that had been on market 73 days. It had been listed originally at 167K, then reduced and relisted 152K, the blurb reading "possible short sale". I took of the...
I am currently looking to access the equity ($50k) in my duplex. I have talked with a few banks and my options are:
1. Refinance at 4%, 20yrs fixed with a HELOC up to 80% LTV with a 4.5% rate
2. Cash-out refinance 4...
I currently own 3 duplexes, all of which I purchased while working as a full time UPS driver with conventional loans. I no longer have a W2 job and I want to rehab and hold rental properties. I have 70K in reserves,...