Considering getting into STR in the area we vacation at yearly. One of the things I'm running into when running numbers is the purchase price vs. weekly rental rates. We would want to purchase a home so that would put...
Hello fellow IRL monopoly players
Am looking for a little advice as I am currently in HELOC Hell. I am on day 30 of trying to open a HELOC with a particular bank. I own this property that I live in outright so this w...
I've heard of this strategy where, instead of holding and renting a property for the length of the 30 year mortgage, you only keep it for a few years and then "trade up" to 2 properties or a better property. And you b...
Fannie Mae is coming out with new guidelines to allow 5% down payment on 2-4 unit multi-famiy (Owner-Occupied)...This is huge news at least for an area like San Diego where FHA (3.5% down) can't be used for 3 and 4 un...
I'm trying to determine if it would be better to sell and collect this equity on one of my properties or keep it and continue reaping the nice cash flow it produces. Here's the situation.Home has a mortgage of 27 yea...
Hello BiggerPockets Community,
I hope you're all thriving in your real estate endeavors! I’m excited to share that I’m in the process of growing my real estate team, and I’d love to hear your thoughts and best practi...
Can someone give me some advice I have been watching youtube and seeing these people say they buy 4-6 rentals in couple years. And for the life of me i just cant figure out how they did it. In Arizona minimally you ar...
If HELOC’s have a interest rate that adjusts/fluctuates/variable based on market conditions, why would anyone take out a HELOC compared to a regular home equity loan? A home equity loan has a fixed rate, so you don’t ...
Need an advise!!!!Buying a house in LA (ESCROW does the title here, we don't use lawyers in LA ). Escrow close on 10.15, all the docs are signed and the financing approved....Oppps...The real estate agent calls me tod...
How many bank accounts do you have for your real estate investing? I am trying to decide if it is better to keep each place in a separate account or if that would be unwise?
Thanks,
Shawn