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Hello! We are getting ready to do a refinance, we bought our house about 6 years ago and we bought the worst house in the nicest neighborhood we could afford. 3 years into living there we did a refi and got a VA lo...
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Hi Everyone! I recently finished up my first SFR rental property in Fayetteville, NC. I purchased the house using a 15 year term 7/1 ARM at 3.85% APR. I financed the rehab using a 7.5% Interest Only Line of Credit. T...
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Hi BiggerPockets,I am a 24 year old currently living in Charlotte, NC but will likely be making the move to Knoxville, TN for work. I bought my Charlotte, NC home almost a year ago with the intentions of renting it o...
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I have being reading and listening to podcasts about using the IRA money to invest in real estate. I am clear on all the restrictions and I am willing to take those funds on my current account to produce more money an...
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Hey BP!I have a question: I bought my primary residence in September 2018, and needed to have my parents co-sign on the loan because I didn’t have 2 years of work history in my current industry.I had to switch mortgag...
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I’m a veteran that is currently under a VA Mortgage Loan for my primary home. Right now I’m in the process of acquiring a VA IRRRL for my current house to lower my payments. Can I utilized a VA loan to get another pri...
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I have an owner occupied conventional duplex. It’s been a year and wanted to try to FHA into something bigger. 3-4 units. Lender is saying the underwriters won’t buy that I would move from a duplex to a 3-4 unit and s...
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I'm evaluating a 45 lot park with an additional 7 RV sites, a 3200 SFH, a 3800 sf warehouse, and a 3 bay 40x44 garage. Asking price is $800K. Lot rents are $309 with 33 TOH paying. All 9 POH are vacant and there are 3...
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I currently own 3 condos, that provide around $100 net each month in passive income. condo fees seem to be eating away at any positive cash flows. My question is should I sell my condo with the most equity in order to...
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Hi all, newbie here with a question. I took a HELOC on my primary residence that went towards purchasing my first rental. I'm renting it out for $1400 and my mortgage is $836. From that cashflow $215 is used to pay th...