Gui Touma
To brrrr or not to brrrr
So I just took a home equity loan on my primary to finance an investment. Paid cash for house which is a sf. I would like to start using a heloc but as I’ve read those are a little harder to find. Would it be smart to...
Paul Freeman
Start with ready to rent home, or fixer upper?
Hi all!I'm looking to get started in real estate investing, specifically I'd like to build a portfolio of rental properties. I was wondering if it's a good or bad idea to start off with a home that is somewhat ready ...
Josh Taylor
Multifamily appraisals: how do they work?
Can someone explain to me how appraisals work on 5+ plus MF units? Im looking at a 8 unit in my area that is a value add property. Do they appraise by sq ft and compare to other properties or what? Also, if the prope...
Ken Vogel
Cash out re-fi or new investment loan
Ive got shallow pockets currently, looking to make my first deal in the next six months. I own my primary residence and have $200k of equity, maybe a little more. I also have a $70k in liquid savings and the ability...
Denise Pauzano
Seller not responding to inspection requests
I’m either dealing with a stubborn seller or a shady seller’s agent/broker. Placed offer on decent duplex. Inspection report found issues including roof, railing not up to code, electrical issues, and other smaller i...
Matthew Thorp
HELOC as down payment then refinancing
So heres my situation, I have my primary residence which is worth roughly $340,000. I have not talked to a lender yet for my HELOC but I have run the comps and thats what I have assumed it is worth. My mortgage is $25...
Elliott Russell
Single family with attached garage - suite or?
Hi Everyone!After being a lifetime renter (family of 6)--I bought my first home which needs quite a lot of work done to it. I would really like your insights on what would be a wise plan of action to help propel me to...
Paige Redman
Renters Blamed for HIA order
I was readIng across a forum today where it had someone talking about renting a house to a tenant who put a HIA order on there old rented house. I find this topic quite entertaining as the landlord seems to blame us ...
Kevin M. Que
Horrible Renovation Jobs
Goodmorning fellow BP members!
So yesterday was my daughters birthday party and as I was sticking the balloons to the ceilings I noticed a discoloration on the paint and what it seems like a water damage on my c...
Candice Menard
Loan option question
Situation-I am using a non-recourse loan along with my solo 401(k) funds to purchase a rental home.
Borrowing-130,000.00
Loan term options
Fixed rate20 year loan 6.5%
Variable rate 25 year loan
10/1...