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Numbers
House appraised for $350k
Owe $150k
HELOC based off of credit (740), appraisal of house (350K), No credit card debt only a car payment ($350 a month) and house payment ($1600 a month)
$33k
I changed indus...
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Hey everyone, I have always wanted to build wealth in RE from a very young age. It’s always been be a huge passion of mine and I have always done lots of research on all the different ways to build a RE portfolio. I d...
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Hi BP!I had some questions regarding cash out refi portion of the BRRRR strategy. What are the main criterias that lenders look for when you go to apply for the cash out refi? 2 year tax returns, seasoning period, cer...
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I am brand new to this real estate investing. I have spent the last 2 years getting my finances straight and am now on the road to saving for my first rental property. Any advice and insight is appreciated!
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Hey BP! Hope this is helpful for some and happy to dive in more re: the right capital structure for different types of business plans and investors. Thank you!What is Capital Structure?The way an investment or entity ...
I'm not sure if anyone has brought up this strategy before but I'd like to share how I funded my flips starting out. I call it credit card hacking though thats probably not a great name for it with cyber crime and all...
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I have a seller insisting that the only way he will sell is with a physical bag of cash ($40k or more) under the table so that he does not have to report that income (in Florida). He wants to seller finance a lesser a...
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Hi all - wanted to reach out if anyone has had any experience of purchasing small multi families all cash with the intentions to cash out refi immediately after? What are some pros and cons of this strategy? I found a...
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Hi,I bought my first two rental properties when I was 21 years old. Since I was still studying and did not have a fixed income at the time I had to negotiate a 17 year long loan & 2.85% fixed rate interest. Althou...