Tony Wilson
Purchasing rental property using a line of credit
I am looking at buying a rental property, but I have no down payment. I was thinking of utilizing a line of credit of $25K-35K for down payment and closing cost (6.2% interest). I believe this is a great deal of a dup...
Jagger Boyer
How to Manage Out of State Rental Properties?
Hi BP community. I am fairly new here, I started looking into BP and listening to the podcasts when I was purchasing my first property last year. My first property was a single-family home purchased just before I turn...
John Peppard
Rental property, does higher down payment make sense
Looking to purchase a rental property for $330k, leases are already in place for the following year and rent roll is $3200 per month. At 25% down I’m looking at roughly $2300 for principal, insurance, and taxes per mo...
Lauren H.
DSCR loan to purchase rental property under LLC
Hi everyone,
Question - If I were to purchase an investment property through my rental property LLC using a DSCR loan, can I rent the property from my own LLC (would live there while updating the property)?
Interes...
Niboom T.
HELOC options on a rental property with FHA
Hello all,
I have a 2 unit multi family in Chicago that I purchased around in 2019 with an FHA 3.5% down at $420k as a primary residence during the time I lived in Chicago. I’ve put a bit of money into the building a...
Robin W.
Hoping to set things straight with rental properties
A parent split down payments with me after receiving an accident settlement at age 18 to co-own two multi-fam properties located in different states. But now over a decade later, I realize they've not been managed pro...
Travis Vizier
Recommend coverage & cost on SFH rental property
Evening allCurrently, I pay around $90/mo for insurance to State Farm on my rental property valued at $130,000.I am curious as to what an average rate for most on here is?Also, what coverages SHOULD I have so as to pr...
Jose Mendoza
Lease-purchase rental property to a family member
I am trying to understand how capital gains would work on the following scenario. I have a rental property that I would try to do a lease-purchase deal for a family member. They will sell their home and parents home a...
Brandon Turner
A conundrum: how to Refi my rental property
Hi, I am working on refinancing a rental property. I bought the home with a Hard Money Lender and meant to flip it. Didn't happen. But I got some good tenants who pay the mortgage and then some. So I would like to ref...
Elenis Camargo
HELOC on a rental property: is it possible?
Hi everyone. I know back before the housing crisis it was possible to get a HELOC on a rental property, but is this still possible today? Have any of you recently done this? We have one single family home and looking ...