Austin Klesmitk
Keep cash or pay down mortgage
I currently have a mortgage on my personal property at 3.4% interest with around 100k in equity. I have around 30k saved at the moment and I am looking for a single family home to turn into my first rental. My quest...
Luis Gabriel Vargas
Creative way to move in together and use current properties
My girlfriend has a house with about $500k in equity and divorced a few years ago. The house in under her name but the ex is paying a portion of the mortgage because she has the kids and he is the one in the mortgage....
Ryan Johnson
Paid cash for a house, looking to mortgage now
I bought a house with cash from pulling a heloc on my home, off market, unappraised (deal was a no brainer in a great part of town.) My original plan was to update and flip it , pay off the heloc and use the profits t...
Kevin O'Brien
Refinancing a cash purchase
Hi all,I’m looking to BRRRR a property in central IL using a heloc to purchase for “cash”. When the work is done, is there still a seasoning period before I can finance the property to pull my cash out?
Nigel Richards
Starting out advice.
I am wanting to start out into proprety investing. I have $10,000 cash. I have my own home worth £175,000 with £21,000 left to pay on the mortgage. I have a second mortgage which i took out to extend the house with ...
Brandon Borah
First Time Real Estate Investing Financing
Good morning, I am looking to purchase my first investment property (specifically in Noblesville area) for a buy and hold strategy in the $50K sales price, but have ran into some issues/questions regarding financing. ...
PJ Singh
Help with exit strategy for SFH
Hello BP'ers, I am newer REI in H-town, and I would like to get opinion from fellow REI on exit strategy for SFH in Clear lake, TX. Goal: My current goal is to take action and learn every aspect of SFH REI ( acquisiti...
Justin Elliott
Made My First Offer
It wasn't excepted but I feel it's a success. I've spent the last year or so getting ready to invest reading books saving money etc. My question for those of you that are experienced investors is would it have been...
Denise Mayo-Walley
Cash purchase using LOC, what exit strategy?
Hello BPers,I currently have one buy and and hold investment property and I am eager to acquire a 2nd. I met my Realtor today and saw a property that fits my criteria but is also in great shape and therefore can be li...
Jeff Rossman
How did you fund your first deal?
I was hoping to get some stories/ideas about how people are funding their FIRST deals. This seems to be where I am getting tripped up (at least in my own head). I don't make a lot of money in my 9 to 5, and I don't ha...