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Background: 3 1/2 years ago I purchased a house using a FHA loan with the sole intent of owning and living in the property. Now my finances have allowed me to look into investment properties and I would like to pro...
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Hi All, My husband and I bought a home in Surfside, Texas last year which is a popular tourist town and Air B&B hot spot. We purchased the home using an owner occupancy loan and are currently living here. Our plan...
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Hey guys,
Just a little back story to my question:
I've been living in NYC for almost two years. Rent is absolutely outrageous here (I'm currently paying $1,400 a month for a one bedroom).
My plan is to by a multi ...
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Hey BP team!I need some advice on how to pull my 401K for investing purposes. I want to be able to rollover a portion of my current employer's 401K into an IRA account, but all of the FAQ's I have read seem like a Rot...
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Here Is one of 1000 questions I have being I am very new to the investing world and am wanting to dive in head first. I live in California and it's pretty expensive to buy around where I live and they say it's a selle...
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I just put an offer in on my first BRRRR property and want to get my refinancing ducks in a row when I'm finished with the renovations. I am looking for small private banks in the Largo/Clearwater, Florida area that w...
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Hi BP,I currently invest in two different areas. One area has great cash flow the second has great appreciation value. My empire is grown vary fast. I currently have two LLC's. My question is when do you know if you n...
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Purchase Price: $30kDown Payment: 20% or $6kMortgage Amount: $24kAPR: 5.5%Term: 15 yearsRepairs: $8kARV: $40k-ishRent: $700QUESTION: How much should I pay down this loan right off the bat with a 1.99% HELOC of $30k?I ...
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I'm still trying to figure the rehab niche out. Let's say for expample. Find a deal for 75k. Needs 15k rehab.ARV $130k. Help me understand this. Lets say you put 20% downMortgage 60kWhere does the 15k for rehab come f...
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I'm interested in learning different ways to fund the purchase of rental properties. The way I'm familiar with is to borrow the entire amount to cover the price of the property and rehab costs. Get the prop ready...