Hello Bigger Pockets. I currently own a house in Louisville Kentucky which I am going to start using as an airbnb rental. So I need a place to live.I recently quit my job because I have 2 companies that make more than...
Hello, I am planning to buy my 1st house and eventually rental properties. I recently inherited large amount, enough to buy a decent home in cash. My question is, should I buy 1st house without mortgage and use that e...
what does it mean to make sure a house is leveraged?
Hello 1031 pros!I am preparing to move primary residences and at the same time, sell a rental property that's been in business use for about 10 years. I am seeking to 1031 out of the rental and into a 'mixed use' pro...
I wanted to confirm my understanding on 1031 exchanges. Sale Price $350,000Cost basis $150,000Equity $200,000Now I only need to reinvest my $200,000 equity. Correct?Buy $200,0000+ propertyPut $50,000 down, finance $15...
Newbie investor here. It dawned on me that if I pull out a HELOC to make a down payment on a rental property, and then finance the rest of the property, there will be no actual cash flow, at least for a number of year...
So I received a call for help on this scenario. Trying to figure out how it could work. Borrower faces foreclosure sale next week. He needs $19,000 to bring his first position loan current. He is living in the ho...
My in-laws are currently living in a paid-off home in South Pasadena worth around $1,000,000. They have expressed the desire to move to a bigger and cheaper house a little further out, and were curious about what they...
I am buying a rental property as Tenancy in Common (TIC) at Bay Area and getting a 250K Fractional TIC loan. The close cost of the loan is close to $6500 including everything which is look high to me and the rate is 4...
Buying 2-3 houses for under $10k each - Won't have to borrow against the homes, but will be borrowing for the construction work, and oh my goodness do these houses need some TLC..Looking for suggestions on how best to...