Mark P.
Should I refinance out of FHA to get rid of PMI?
So I am at a crossroads right now and would like some feedback. Currently, I rent a place out with a FHA mortgage t 3.75% owing $182k on the loan for a place I bought in 2011 for $205k. I pay $2100/year in PMI and r...
JoJo Diego
Personal Loans to purchase foreclosures...your thoughts?
Hi there,I was chatting with a friend that I plan on partnering with in flipping houses with (in DFW, mainly Dallas/Far North Dallas areas) and she brought an idea across - to purchase foreclosures with a personal loa...
Christian Tibok
Short Sale: What happens to HELOC in secondary position?
During a short sale when the primary lender is owed 361k and secondary HELOC is owed 78k, what happens when the package was submitted to the primary only? How can the secondary position get what is owed to them?
Ryan Blanchard
To many Decisions! Continue Investing in a Higher Priced Market?
Good Morning Bigger Pockets Community! I believe the old saying when it rains it pours is true, but not always a bad thing. Sometimes its a storm of options that you receive after your certain you have chosen the righ...
Greg Gaudet
Will taking full depreciation from new tax law hurt my qualifying
I bought 3 rentals in 2018. With the new tax law I can deduct all rehab costs AND I can deduct the value of things like floor cabinets etc. (about 15-20% of the total purchase price of each unit!) which is a big deduc...
Al Mcbee
Asking bank to ok a Sub2 deal or Lease Purchase?
I have a potential seller who wants out of their mortgage. I was trying to decide if it would be a good idea to get the banks approval for me to do a sub2 deal with the owner of the property? If I don't, I'm afraid on...
Min Kim
Is zero down almost guarantee good Cash on Cash ROI?
With the ability to use the VA zero down on homes, is it almost a guarantee to always get 10%+ cash on cash ROI? Is there something I’m missing?I saw a video somewhere that said a low down payment can actually be a ba...
Julie McCoy
Creative financing for STR?
Hey all! I have a relatively unique financial position and am interested in sourcing financing for my next STR - I'd love your input/experiences with different possibilities.Thumbnail of my situation: I'm a professio...
Jonathan Wilson
Penciling out rentals
Hey,
I want to buy and hold rental properties. My primary motivation is to own cashflow. My stocks are broad index funds, and they do not return much in the form of dividends (I know, it's more tax efficient). We r...
Dawn Curry
Use all of HELOC or just enough for down payment?
So let me get this straight... Hypothetically speaking you own Investment Property #1 that has $70k of equity in it. Obviously you are always looking for your next investment (#2). So with that being said, you can use...