WHILE OWNING A FIRST RENTAL PROPERTY AND WANTING TO REFINANCE TO TAKE OUT EQUITY TO PURCHASE ANOTHER PROPERTY AND YOU DECIDE TO QUIT YOUR JOB [WHILE HAVING RENTAL INCOME COMING IN] WHAT IS THE CONSEQUENCE OF THIS? HOW...
Getting a home equity line of credit (HELOC) is one of the easiest ways to leverage your home equity and buy your first rental property. But what is the best way to use one? Are there any drawbacks? After today’s deep...
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...
My father has roughly 14 acres of land about 15 min west of Asheville. He has given me permission to build an investment property on this land which I feel very fortunate for this potential opportunity. I am leaning t...
I have seen a bunch of questions about reserves for things like vacancies, major repairs, and capital improvements. In my opinion, these are not relevant to my rental empire.I try to find properties that at a minimum ...
I learned that cash flow is pretty difficult in DFW. So wanted to check with this community about which are the cities which have highest appreciation potential in 2-5 years near term.
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?