Joseph Caster
How large a loan can I get with $100,000 in equity
I want to use the equity from my personal home to buy my first rental home. I have $100,000 in equity right now. If I went to a bank to get a home equity loan how much could I get? I'm looking at a foreclosure that I...
Zach W.
Newbie- Best approach for acquiring two properties
Hello,I am at a cross-roads with my fiance and our financial future. We purchased a house 2 years ago and are looking to start investing in real estate. We both are employed with good jobs, but are looking to start a ...
Julez Seino
Aspiring Real Estate Investor Just Starting Out
Hey everyone, I'm very excited to start this journey in real estate investing. The 1st thing I know I have to do is get the funds. I'm shopping around for a Life Insurance policy to take out a loan against the policy ...
Trent Barga
First MF Deal - Need confirmation
Hey all have my first MF deal I'm working. It's a D property in a B+ to A area. Long term owners who haven't managed well. Not updated at all. Lots of value add here. Numbers: $700k purchase on 2 - 4 unit buildings (8...
Justin S.
Retire on cash flow or cash out refi every 5-7yrs
I’ve talked to a few people with different takes one this question. If I’m looking to retire on my rental income, should I try to pay off properties ASAP and live off of cash flow or not worry about paying them off a...
Marc Yu
Renting Out My Basement
I've got 3 other rental properties (all of them cash flowing positively), but the 4th property I just bought, the one I'm living in, has a 1,300 sf partially finished basement (all framing is up and electrical is alre...
Peter Davis
Need a HELOC on investment property in Indianapolis
Hi, I have an investment property in Indianapolis and I'd like to get an Equity LOC against it. However, I'm running into difficulty finding banks that will do HELOC's on investment properties. Does anyone have any ...
Jake Langley
Getting a Heloc on in a property held in my LLC
I am trying to get a HELOC on on house that is owned by my LLC. I am getting turned down at every lender. I have over 100k in EQUITY in the house. Any suggestions where I can get a HELOC? id like to take 50k and inve...
Jodie R.
Using Recent Rental Income to Qualify for a HELOC
Hi. I'm trying to qualify for a HELOC. However, I need to be able to use rental income from my recently purchased rentals in my debt to income ratio. The two rentals were purchased within the past month. One is alread...
Jeff Phillips
Using Home Equity to Purchase Second Rental Property?
Does it make sense to get a home equity loan on my first rental house to buy a second rental property?
Is there a benefit to that approach vs just getting a typical home loan on the second property?