Scott Ellis
Repaid HELOC - Does it need to season?
Here's my scenario with hypothetical numbers. I'm in Spokane, WA.I have a $50K HELOC that is maxed out. I have a personal line of credit for $50K with a $0 balance.I can use a HELOC for a down payment on a convention...
Shaquetta Chittams
1st Time Homebuyers
My husband and I would both be considered 1st homebuyers however we both would like to get into real estate investing. We're unsure on whether we should move forward with the programs or should we just focus on purcha...
Michael Hayworth
1st occupied foreclosure - short-term lease to prev homeowner?
Bought my first occupied foreclosure last week (regularly buy at auction, but typically unoccupied homes). Posted Notice to Vacate as soon as I bought it. Met with previous homeowners, who under Texas law are now "Ten...
Sarah Herzog
Refi rentals to pull cash out
Some background. We have two investment properties and our primary (which will also eventually become a rental). We buy as primary residences, live in, renovate, rent out, buy again with a primary and repeat every fe...
Jorge Guerrero
sandwich lease agreement help for an aspiring real estate investor
Ok so I could potentially work out a deal that could make me some money. The property is located in Atlanta GA. I want to here your opinion on the deal. Seller bought the property for 19k and fixed it, he is asking fo...
David A.
Can I use Convenience checks to start off my rehabbing business?
Twice a month I have been getting checks from Chase and Discover offering $10k, $12k at 0% interest for 12 months. I usually shred them on the spot but was wondering if I can deposit them in my account in order to sh...
Pete Frederick
Are 30 year or 15 year mortgages better?
We bought a single family property 16 years ago and another 15 years ago using 30 year mortgages. We paid too much for them and rented to the wrong people in the beginning...and lost a lot of money. The last 5 years...
Karl Forshee
Rental dispute with the tenant
so I'll do my best to condense the situation down.
Last September I got soft hearted and agreed to a renter who had been down on his luck (ya I know don't think with the heart) and that the rent was going to be pai...
Dylan Thomas
Ideas to Invest $10,000
Hi everyone,I should have $10,000 saved in the early months of the new year. I live in the Midwest where real estate is cheap in comparison to other parts of the country. I’m leaning toward buying a single family clos...
Patrick Thomas Dickinson
Setting myself up for future financing and down payment success
Hi everyone, Needs some thoughts here.
I am currently placing offers on properties right now. I have a sizeable amount of cash on hand ( 200K) and 450K loan that I will be using to spread over a few multifamily prop...