Ken J.
Denied for HELOC due to lack of credit history
Hi,I am considering obtaining a HELOC to purchase a second property (ideally for investment purposes). I have applied with Chase and a local credit union and have been rejected for lack of credit history. I own my cur...
Shannon H.
Why is my rental calculator data so skewed?
Hello everyone! I have a question about analyzing the numbers on an owner occupied multi-family. We were just watching @Brandon Turner's podcast about evaluating multi family properties and crunched some numbers. This...
Jacob Trimble
Logic behind refinancing?
Hello,I currently own a rental property and am looking to buy another. My question is there is popular talk about the "BRRR" which I love the concept, I'm not trying to knock it at all. I am just confused at how the r...
Scott Harrington
Newbie from Baton Rouge
Just wanted to say hi to all here. I'm brand new to this site. I've only recently become interested in real estate investing and have spent the last several months digesting books, magazines, DVDs and TV shows on th...
Noel Fleming Jones
Credit line leverage
I recently inherited a house worth about 100K; I'll have it rented soon.I'm self employed with good credit but a low net income.Would HMLs be likely to give me a line of credit on the property up to about 75K for doin...
Justin C.
Looking for some feedback about my overall position with 2 properties
Hi BP,Just looking for some encouragement or guidance with my investing situation. I'm def over budget on my 2nd property. Here is where my business currently stands:Property #1 (ARV $55k): Owned outright at $32k in...
Kevin Jung
Giving loan to your LLC and paying back with business credit card
I've been thinking of creative ways to fund real estate properties and can anyone tell me if this works or not?
So I have a single member LLC. Instead of ***contributing from my personal bank account to LLC's busines...
Brad Ball
Accessing More Equity - HELOC Refinance or Cash Out Refinance?
Hi There. This is my first BP Forums Post.We own a duplex and have lived in one side for 10 years. Only a few months the entire time without a tenant paying a full rent. We bought in 2010 in northern Illinois where th...
Monty Bruckman
New Investor in Phoenix Deer Valley
As mentioned above, I live in Deer Valley and would like to become a real estate investor. I've bee listening to more and more podcasts and gaining interested in investment strategies and opportunities. I am working f...
Matt Shields
The Lottery: A Tax On The Mathematically Challenged
Yesterday I was driving to check out a house that I just purchased and stopped at QT to get gas and a drink, then noticed a line out the door. I asked if they were giving away free coffee or something but was told eve...