Dale E.
Renting in Naperville, IL. Good idea or not worth it?
Hi BP members,I'm looking to get started in the RE investment game as a way to generate some passive income outside of my W-2 job. I currently live in the Naperville, IL area (western chicago suburbs) and think I want...
Justin S.
Pull out equity or 1031 exchange?
I have an 8unit building under contract and am thinking of selling a 4unit of mine and do a 1031 exchange.
If I sell the 4unit I will be cash flowing $7,000 less a year but put roughly 50k in my bank account and of c...
Matthew B.
What information would a local bank like to see?
We own 7 units of residential rental properties outright, and we need to free up some equity for our flipping business. I'm putting together a financing presentation in a binder to hand out to local banks. What does a...
Stephen Stokes
Next Steps Advice for Rental Business
Sorry for the long post but I am 32 years old and looking for some advice on next moves. I currently have 6 doors; 5 rental 1 primary:-$280K single family home in North East Austin with $177K loan balance, cash flow $...
David Smith
How to wisely invest $1m cash
Keep buying low and selling high? Not hard to double the cash each and every year. Any better way with better result and less efforts ?
Caleb Colona
How much cash should i havs to start investing
I don’t really have much cash on hand and credit is not great. What can I do to finance a potential deal, and how do I still get the cash flow when I’ll have to finance
Ivan Perezvilla
How do I Cash out Refi?
Hello everyone first time posting. Quick background. I own two duplexs that I purchased through conventional financing so my DTI is pretty tapped out. That being said i want to BRRRR my next property (or 10 properties...
Ethan Bennett
Should I rent or sell?
I have a property in Hampton VA and have lived here since 2006. Its current value is about 260+ and we owe 180k.Since there is a VA home loan on it, I was going to refinance into a conventional loan at a lower rate a...
Mike Whelan
Lender for Cash-out Refi Recommendation - FL
Hi, I'm within a few weeks of completing a renovation on a multi-family property I purchased with cash. Does anyone have any recommendations for lenders that have competitive rates for a cash-out refi and does not re...
Hyeseong Park
Is there any lender that doesn't require bank statement for DSCR loans
If anyone knows, it would be great to know some lenders who don't require it as my house is free and clear! (no debt in it) I found some lenders do this so hope you don't say "Most lenders will go with bank statements...