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There has been a few threads on this topics, just wanted to gauge anyone's suggestions who had similar situation, or is an investor understanding HELOC/home equity. - i have a 30k student loan at 6.25% interest, month...
Hey everyone. I just purchased my first STR property in Gatlinburg area of the Smokies a few months ago. I'm looking to buy another cabin soon in the same area for STR purposes. For my first one, I was able to do a...
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Any thoughts on if this is a "too good to be true" lending option, or if it's even a good deal? In particular, "The interest rate on the loan, which is 30-year fixed, will be between 6 and 8 percent, about twice th...
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Hi guys, I just made my account but have been listening to the podcast a lot recently but have been hopeless in finding a deal in phoenix. Well, I may have just found a possible deal but am worried it is not a good de...
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Hi! My primary home is worth about $2M and paid off. I would like to draw $1-1.5M from it to buy a multifamily property with a 1st lien HELOC. The problem is that my income doesn't support a loan of that size and I...
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Hi All--my husband & I are in the process of selling our primary residence in Los Angeles. We have a lot of equity, we've been in it for 20 years in a trendy neighborhood. We bought the home for $230K. We may h...
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Hello all, I'm seeking advice on a 10 unit complex with 8 1 bedroom units and 2 studio apartments. The complex is:$300,000Down $60000Rent income assuming $400 per unit= $48000 per yearManagement at 10% rental income $...
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Moved July 31 2023
Renters lease expires 2/2025
Must have lived 2 of last 5 to avoid cap gains if sold.
I’d rather not sign a new lease and go month to month but they’ll push for it.
Worst case scenario we ...
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I bought an investment property in NJ for 120k. The house will sell for 175k without putting a single dime into it. I don't have a mortgage on the home. What is the best way to avoid heavy taxation? Thanks in advance.
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So I’m currently looking for a multi unit to brrr. I’m having trouble finding a good “fixer upper” loan for investment properties though. I don’t plan on living there as I have a family and the area I’m looking at ...