Account Closed
First time RE investor. Please poke holes in my strategy!
I’ve (29M) about $250k saved up. Don’t own a home yet, but I’ve been planning to buy one for a while now. Instead of buying a single family home, I’m thinking of buying a condo outright in cash, rent it out so I can s...
Craig J Chelette
Duplex Help in Ogden UTah
Hey all,I have a duplex under contract in Ogden Utah. It is a 2/1 with 700 sq/ft per side. Asking price was $154900 and offered $144900 and was accepted. Roof needs to be redone. One side had a tenant who smokes in ...
Brian Goss
Has anyone ever used an All-in-One Loan instead of a fixed loan?
The flexibility of an All-in-One loan has some appeal on a primary residence to be able to keep your equity working for you. The lender gives you a 1st lien HELOC with a 10-yr draw period, rate is variable , and it is...
Albert Bui
Mortgage Acceleration, All in One (AIO), pay checking parking?
Lately it seems that a lot of paid education companies, youtube channels, and many other podcasters are talking about these topics of debt, mortgage acceleration using a line of credit, payoff your home in 5-7 years. ...
Andrew Taylor
I need a Houston-area finance genius to let me buy them coffee
Although my BP post count is climbing, and my knowledge is increasing, my portfolio is still at zero - and I'm afraid it will remain so until I start to get a grasp on financing techniques. I would absolutely LOVE to ...
Kevin Macdonald
how should i refinance my first investment deal to pull money out
I purchased a investment property which was never completed. Because of this I had to use equity from my primary residence to fund the original purchase plus cost of finishing the project because no bank would giv...
Helen Kolton
analizing my first possible rental - need lots of help
Please help me to figure this out.How do you calculate vacancy rate? andI want to know if this is a great deal for a rental property? Property is in NJSqFt: 1240Lot Size: 2482Property Type: Single FamilyYear Built:...
Austin Kaercher
Ready to buy our first property to flip
Hello all, I am 29 years old and I am an owner/operator of my hvac company in Florida. After 13 years being in this trade I am burnt out and ready for a change. We have about 80k in equity in our home. My wife and I a...
Gerard Scranton
Should I refi my primary before refinancing my investment?
Hello BP fam! I'm having trouble with the decision of refinancing my primary property before starting the process of rehab/refi for my investment property. My concern is that my DTI may be negatively effected if I ref...
Israel R.
Home Equity Loan from First Investment
I have an investment home that is worth 430K. Its equity has doubled in the last four years. Should I take a home equity loan to take money out to invest in a new property? I would really like to by a MFR, but I am no...