Financing Options for a Remodel
The very first step of a remodel is to decide how much money you’re willing and able to invest in it. A good rule of thumb is to spend no more than 10 to 15 percent of your home’s va...
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I recently inherited a triplex that is completely paid off. I renovated each unit and now I am looking to leverage equity to buy another income property. Any advice on what kind of properties I should be focusing on? ...
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I personally believe that any strategy for REI must match the particular market and the resources a person has available. There have been some recent discussions about the buy and hold strategy and of course there is...
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I am just curious if anyone thinks that the BRRRR strategy would work with Air BnB? I know that to refinance into a bank loan you would need to show projected income on the property. Would this work similar with a sho...
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Hey Bp,
I wanted to share my situation with the hope of recommendations or suggestions. I currently have a home in Augusta, Ga listed for sale. Originally this was supposed to be fix and flip, but I am pivoting this ...
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I bought a rehabbed home about a year ago (turnkey-ish), which has cash flowed nicely and also appreciated significantly since. Given the appreciation, it appears I may be able to do a BRRR (rehab R missing) and recoo...
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I own a 3 unit multi family home in Upstate NY, bought in 2016 with a FHA 203k loan. Purchase price was $127K, renovations from the 203k brought the loan total up to $154K. The house was appraised by the county for $1...
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Hello all. My name is John. I live in Muscle Shoals, AL. My wife and I are refinancing our home to take advantage of lower rate. We were on a 15 year fixed with the goal of paying it off by retirement (I’m 48). After ...
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Hey guys! I was wondering the pros and cons of using a HELOC to buy rentals. Personal experiences and how the terms were with your bank for the HELOC. I feel like its a good strategy and I'll most likely use a HELOC o...
I bought my house a little over 4 years ago, and have been remodeling it while also living in it. I am ready to sell it now and should net about $35,000 after the sale and other expenses (closing, real estate commissi...