George Baal
First time, HELOC for capital?
Purchased a home during the pandemic, value has gone up roughly 2.5(estimating), believe i have enough value in a HELOC to get a down payment on a second home.. is it a wise decision to add that to my plate then rent ...
Carolyn McBride
Documentation Needed for Deducting HELOC Interest
Hi BP Community! I'm looking to deduct HELOC interest for costs related to making improvements on a primary home that is also used as a rental. Does anyone know what type of documentation is needed to prove the HELOC ...
Zachary Wiederstein
Cash out refi or wait, raise rent to cover mew mortgage
The bank that holds the loan on my rental property is asking me if I want to refinance. I have approximately $100k equity and am considering a cash out refinance. Con, the new payments may not be able to be covered by...
Maria Vogel
Cash out-on rentals
Hello,I need ideas on the best thing to do so I can purchase another rental and utilize my cash/equity wisely. Rental A: repo--great deal needed a lot of work. Remodeled it. I had a lot of equity so I took out a HELOC...
Daniel Highsmith
Home Equity Line of Credit and Cash on Cash Return
I recently got a HELOC since I'm looking to by a good deal fast when I find it. After reading some BP articles and posts about analyzing deals, I usually make the good/bad deal decision based on the Cash on Cash Retu...
Damon Aniton
House hacking for the long term
I am looking at pulling the trigger on my first home purchase this week. Possibly as early as tomorrow. Just waiting on confirmation of a few more things. The details are as follows.4 unit 8 bed 5 bath total new co...
Christian M.
Multi family, owner occupied investing
Hey guys, I was curious about an investing strategy I plan to follow and was wondering if anyone on here has attempted this strategy and if you could let me know any flaws you find in my strategy. I am a 23 year old a...
Alex L.
Advice: Should I Sell or Rent
History: We are 6 years into renting our first home, it has gone well and we are comfortable renting and what comes along with that. We are now moving from our current home(call it the 2nd home for purposes of this co...
Nick B.
Questions about apartment investing
Hello all!I am looking for information related to several aspects of multifamily investing and I'd like someone with actual experience to answer these questions:What are the typical closing and other transaction cost...
Dale Tucker
Good deal?
Hi all. We're new to real estate investing and getting ready to look at a 4 unit locally. Great community, top schools, upscale area. They're asking 325k (price just dropped 15k). Stated gross income is $41k per year ...