Gabriella Pellolio
What’s My Best 1st Move??
Hi BP Community!I am eager to get started on locking in my first investment property and have questions on what my best approach would be.I own my home and have been making slow improvements to it over the last year I...
Cari Childers
2nd property advice...
Hi friends,Hope you’re all well during COVID. I’m looking to make my next move and need your advice.My 1st and only property I’ve owned since 2012 I bought for 120,000 in Downtown Orlando Fl, I owe 76,000. It’s rente...
Sriram Kumar Bikkina
What is Considered Positive Cash Flow?
Hello all, I have a basic investing question: What is considered a positive cashflow when we borrow 100% of the money to invest in a property?In general and simple terms, it will be the money I gain over the money I s...
Alicia Kuluris
Partnership After All the Work is Done and Home is Making a profit
Hello Everyone,
Greatly appreciate any thoughts on the matter.
We have a property in Big Bear, CA and it is making a small profit this year, but it is strictly an STR. We have decided to focus on Midterm rentals an...
Angela Myers
Using HELOC to purchase second primary residence
We are looking to relocate to another city and state for more job opportunities. We have a mortgage on our current home with about $100,000 in equity. I want to take out a HELOC to purchase a short sale property in th...
Gabriel Martinez
Banks that allow HELOC loans purchased under an LLC
Anyone have any luck finding a bank that offers HELOC Loans under an LLC? I have found a bank that allows you to purchase rental property under your own name, but keeping the rental property under your name doesn’t pr...
Lohit Myneedu
Banks good for HELOC/flexible terms
Hi Everyone, I'm trying to find good banks in the Indianapolis area to build a relationship with, so that I could get some good loan terms/HELOC terms from them down the line. I'd love to know ...
Ashley Knodel
Line of Credit Suggestions
Hi BP Friends!Can anyone recommend a good bank that you have an LOC with in Canada? We are relatively new investors ( 3 rentals ) and we are open to recommendations!Thanks!Ash
Zoran Domazet
HELOC on multi family property - seeking lender
Hello,I am looking to take out a Heloc out on my muli family property (owner occupied Duplex). I've reached out to a few credit unions but they do not offer Helocs on MF property. I am looking to do 80-90% LTV, I woul...
Sharon Rosendahl
Mortgage for twice moved manufactured home
We purchased our lot and have a sellers contract. We used a heloc to place a manufactured home. This was a used home. While many places will finance a manufactured home on its own lot (Mfg title has been eliminated an...