Hi All,I have an offer on one of my first deals. Problem;1) I don't live in the area (Palm Beach Fl) and I am managing it long distance. Unfortunately or fortunately (because of all the experience it has bought) w...
I have been reading up on HELOCs and using them in REI. Does anyone have experience converting the mortgage on your primary residence to a HELOC and then using that to fund your deals? Supposedly by doing this you ca...
I'm looking for a multi-unit to house hack and saw a 2-flat being rehabbed a few months ago while looking at another house. I talked with the owner and he bought a single family home, spent 6 months getting permits, d...
Hi all, first post here..Im in the process of closing on a house in Richmond VA, the inside of the house is already completely renovated. I have tenants ready to move in towards the end of the year and I’d be positive...
I have 2 rental property that I bought in cash , but now I want to expand and don’t have enough cash on hand so I’m thinking about feting a HELOC . From what I can see the big banks don’t have good terms and I want yo...
Hi all!I've come into some recent cash while also being in the midst of my first flip, funded by a private loan and a Line of Credit. J Scott's recent interview on the BP podcast discussed the inevitable economic depr...
Hello All,My wife and I's first home has appreciated significantly since purchasing 4 years ago and we would like to use our equity to accomplish 3 things.1) Remove PMI - This is an FHA loan with PMI for lifetime of l...
Hello everyone! I was curious about some of the pitfalls I need to pay attention to when purchasing condo's/apartments/townhomes. Especially when dealing with the apartment complex that manages the unit. I am purchasi...
Hi Everyone! I currently have 2 single family rentals in the Phoenix Metro area and am looking to potentially do an Air BnB yurt near Sedona. Would love to hear from anyone who has experience with a non traditional Ai...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Lowell.
Purchase price: $212,000
Cash invested: $12,000
2 family (up/down) property. 3 bed 1 bath each unit.
What mad...