Joseph Banko
Very first investment
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $90,000
Cash invested: $3,100
Very first real estate investment. Conventional investment loan, 20% down. End unit...
Devang Patel
Cash for down payments
I am a newbie real estate investor and in my first year have purchased, rehabbed, and established steady cash flow on 4 units. I want to continue adding units and my ultimate goal is to get to 12. However, I am runn...
Jerad Grace
Single family home rental
I’m in the process of renting out my home (1st rental). I’m refinancing to pull equity out to put down on another house (to live in). When I refinance is it best to keep the new mortgage (rental house) in an escrow ...
Jeff Duford
Use a HELOC or Cash for new HVAC unit?
I just bought a rental property that needed a new HVAC system. Total cost for new unit (and AC) is $6500. I could pay that from cash in my checking account, or... I could use a HELOC from my primary residence.I'm cu...
Eddie Torres
Hedging Against Inflation
Is anyone out there worried about the current rate of inflation right now? Obviously owning investment real estate is a great way to hedge against inflation. But what are some other ways you all are trying to keep fro...
John Woodrich
Wells Fargo changing policy on cash deposits
Just received an email from Wells Fargo that they are changing their policy on cash deposits and will only allow the account owner or an authorized signor make a deposit into a Wells Fargo account. This may pose issu...
Moshe Streicher
all cash vs mortgage
hi,im currently looking at a 2 family home,can buy it at 100k with value add opportunity of putting in around 15k and bring the value up to 150k.Question is do i put in the 100k in cash,do my add on and the get a mort...
Manda Gouvion
How long did you wait/research before you jumped into investing?
It was just a couple of days ago I got this wild idea to invest in real estate. The thought originated as something my husband and I could invest in as a kind of self-paying college fund for our kids! So I'm halfway t...
Orita Issartel
Rehabbing items that can be saved, like doors, toilet, sinks etc
The rehabbing we're doing right now has quite a few things that are in great shape and we'd like to save for future use like toilets, heavy wood front doors, some appliances, shed full of tiles, etc. I believe that s...
Frank S.
Mortgage Comparison
Hi BPs!, Can you please review this provide some feedback, please? I refreshed my pre-approval to lock the rates. Here is what my lender provided.Location: Chicago, ILLoan 415KIf you put the 20% down, I give you two o...