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I owe 110,000 on our personal residents that was just appraised at 260,000. Now I'm new so this might be a silly question but here it is. If I took out a heloc on 80 percent of the 150,000 now and the housing market d...
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I'm going to buy a multi-family property in around 6 months as my first investment and house hack it. I'm using the VA home loan so 0% down and no PMI which helps. I talked to my real estate agent and he told me in th...
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I know it's usually a bad idea to use a property with an HOA as a short term rental, if it's even allowed. Has anyone out there attempted this or managed to be successful? What was your experience?
Hello Everyone,I hope everyone is well this morning. I’m taking an online class and the subject today is Owner financing. I have a question in regards to carrying back a second mortgage when owner financing. The mater...
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Shalom everybody,This this is Benny from Israel. As I mentioned I'm a newbie to the BP community and so far I've been enjoying the forums and the podcasts very much. It looks like BP has a vibrant community and this i...
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So I’m having some analysis paralysis with looking at a Cash out refi vs a HELOC on my primary residence. To paint a picture, living in a townhome and will rent it out when we move in 2-4 years. I want to take advanta...
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Hi,I am looking to buy a 2-unit property for 100k, some tenants are already living and paying there. It is a REO. The property needs minor repairs which I plan to do with the cash-flow generated. I have these two ques...
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Hi bigger pockets community,
Many books and programs sell a dream of quitting your job in 3-5 years using OPM, even with little cash of your own. Your perspectives are appreciated on how this applies to the real worl...
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Hi All,I'm in preliminary talks to pick up a 6 unit with 15% carry back option with another 5% down from another investor, leaving me with 5% skin in the game. I was hoping if some people on BP would take a look at th...
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I applied for a a HELOC with my credit union- the rep has been really "laid back"- that said I finally had the title company send me the docs to review prior to signing but here is what they offered: max amount allowe...