I have a SFR rental in Utah. It makes about $140/month in cashflow. The city it's in is growing quickly (new hospital, a new high school, businesses, etc.). I would like to free up some cash from the property and I do...
My question is, how long will it take for single family homes to produce $1M of CASH into my bank account?Not asking about “wealth creation” I mean until actual cash is in the bank?Thanks in advance!
Hey folks,
I have a SDIRA through Equity Trust Company. Just purchased a condo that need renovation.
I want to issue a single check from the SDIRA to Home Depot and then have my contractor or myself make purchases ...
I was listening to the Money Podcast, Finance-Friday edition earlier this week. @ScottTrench mentioned having adequate amounts in reserve for a rental property. I close on my first property on Wednesday the 17th. The ...
I am constantly warned about tax penalties due to selling a house you flip. I created an LLC that I'm going to use to invest in and flip houses. I was under the impression that only the money taken out as a draw would...
HELOC or Cash out Refi? This may be a dumb question, but just wondering which one is better to use? Which one is a cheaper way to do it, or are they basically the same thing?I currently owe $176k on my primary resid...
Hello BP Community!I have a rental property in Philadelphia which within the past year I just refinanced to reduce the term of the loan from 25 years to 15 years. This property was originally purchased as my primary...
On July 3, 2016 I read Robert Kiyosaki's book, "Rich Dad Poor Dad", while at the beach and spent the rest of my vacation researching rental properties. That summer/fall I researched and read books and listened to podc...
Those that have been doing this a while, how do you feel about the current environment?
There’s a flood of new people (including me) coming into the market and from talking to people in this for a while and reading, ...
Hi, I created a business and bought my first rental under the business name. I have 100% equity in the property and wanted to cash out refi the property in order to get cash our to buy another. No bank will do this be...