Satya Nagarajan
Cash out refi - good idea?
Hey everyone, I was hoping I could get some input on this. I'm considering refinancing a 4-plex. I bought the property for $120K in 2016. The property is probably worth $190K now. Here are the details.
Current
Purch...
Yuriy Grytsulyak
I need guidance BRRR or flip
My partner and I have been looking for our first deal, here's what we are putting offer on today:Twin, 3bed 1 bath, 1100sq ft, asking 85k, rehab 40-50, ARV 180-200, potential rent 1300-1400.The plan is to buy the hous...
Nathaniel Donnelly
Inherited $40k. Now what?
Greetings! I will be inheriting about $40k on October 1st. My girlfriend and I already own three properties, two of which are being rented out already, and aside from the mortgages, we are debt free. We have about ...
Chad Carlon
3 paid off rentals. Refinancing with small/no reserve account?
Hi. I have a portfolio of 17 SFHs in DFW with 3 that are now paid off; those 3 have around $500k in equity. Thinking about refinancing, to try BRRRRing, but I’ve been reading that I need 6 months of reserves for eac...
Herve Francois
HELOC on a free & clear rental owned in a Solo 401k
FB Family! Question - does anyone know of lenders that would provide a HELOC to a rental that I own free & clear in my Solo 401k? Always appreciate the help - thank you!
Josh Tosi
Transferring a property to an LLC and whats next
I recently completely paid off one of my rental properties and am weighing options on what to do next. The property is currently in my name but I am planning on quitclaiming it to an LLC I formed. Once I have the prop...
Brittney Housley
Newbie Analysis Paralysis
I have been researching and trying to make a decision for WEEKS on how to get investing. I originally thought I wanted to flip, and while I think there is good money in this, I think a steady stream of rental income i...
Michael Queen
First time investor! Input?
First time investor here. The numbers on this deal make sense, but I'm hoping for additional input to make sure I'm not overlooking anything major.
I am planning on using a HELOC to do my first BRRRR. The property i...
Jeffrey Grieshop
my credit was pulled, time to shop heavy?
The other day I inquired about a property. I was simply looking to obtain some numbers for the property. fast forward, I talk to an agent for a while and a lender. I went with it because I wanted to see what I could p...
Kristi Beeksma
Help! Advice on refi
I need some advice. We have a $90k HELOC on our primary residence which we used for our down payment on our rental property and currently owe $35k with a variable interest rate. Our rental property mortgage balance ...