I am in a small partnership that is about to buy Property #2. We are organized in an LLC. Two partners would like to add funds to our working capital (from a cash-out refi) so we can acquire a larger property (more un...
One of My rentals I acquired for $100,000. I put $25,000 down and have been laying on a 30 year noTe For several yearsInterest rate - 3.75%Remaining balance $70,000Property value is $200,000Assuming I could get an 80/...
I have saved $20,000. Is this enough money and how should I get started?
Hi all,About to speak with local banks/credit unions about a HELOC on my primary. 80% LTV will do but I'm wondering if I will kick myself later for not going 90%. Has anyone started out at a lower LTV only to regret...
I constantly hear from friends who are not REI savvy that the bubble will come soon. These are guys who, though they are not involved in REI, are deeply involved in the financial industry and are very focused on daily...
I currently have 15 rental units (combo of SFH and multi) and today will announce my "retirement" at my J - O - B. The question I have is about using 2-3 SFH valued at @30k each to do a 1031 exchange and take that mo...
Just some background to help you guys get a full picture of where I am and where I want to go. I am a 29 year old guy who has a law degree and well over $140k in student loans. My student loans have not kept me from g...
I'm about to make an offer on a raw land purchase, which the owner will carry. What would you suggest for terms? Some context: There is a buyer's agent, and a seller's agent. The owner purchased the property in the ea...
Hey all,I am an aspiring investor in Turlock, California. My general plan at this point is to utilize the BRRR strategy to invest in multifamily units in the Central Valley of California and generate cash flow, then m...
Hello BP.
I'm looking to purchase my grandparent's condo for a rental
It's in a decent area and has currently been rented by the same tenant for the past 3 years at $625 a month.
My grandparents are in their 70'...