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Hi everyone, I'm new to BP and this is my first post.I'm working on a triplex deal in Southwestern PA and I'm working with the property owner and leaning towards seller financing.Once all renovations are done, and I h...
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I am brand new here to bigger pockets although I have been listening to the podcast for a few months now. My question is pretty basic. My home is paid off (have full equity). Is it a smart/good idea to use a home equi...
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Here are the homes in question:My Home - 3 bd/2 ba SFH, ARV approx. 75-90k, no mortgage, tax lien of 61kMom's Home - 3 bd/1.5 ba SFH, ARV approx. 110-130k, 40k remaining on mortgage, no liensHere's my problem: I own a...
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Hello, I just finished the BP article on the BRRRR process. I am not understanding the part of refinancing the home equity loan into a conventional loan. How does that result in money back if you are refinancing a loa...
Any tools or formulas that should be used when deciding this?
My sister and I have inherited my mother’s house, no mortgage.
Options are:
1-Rent it
2-Buy out my half and rent it (would need a home equity loan-?)
...
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So a bit about me …. I’m a newbie and financially in a situation where I really need to make this REI work. Since I don’t have any experience (besides reading these BP forums), I want to minimize my risks.I want to s...
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Investment Info:
Single-family residence buy & hold investment in Schenectady, NY
Purchase price: $180,000
Cash invested: $9,000
House-Hacking this one. Doesn't flow any money to start but when...
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Can I get an equity loan for my current home and use the money as a down payment when purchasing a new home? How high are interest rates on equity loans?
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Hello all...I'm a single rental property owner. I made the "most excellent decision" to purchase at the peak of the market last year - yay me! (note mild sarcasm) To make it all happen I did a fixed business loan and ...
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I just got wind of a 4 unit property that hasn't hit the market yet. I don't have the cash required, so I'd have to finance. I'm looking at what options I have to pull equity out of other rental properties I have.
Do...