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Results (10000)
Account Closed Can I add my name to my father's home loan?
15 November 2016 | 14 replies

I don't have the cash and my parent's have bad credit so the bank won't let them take out line of equity on their home.

My credit is 800+, would I be able to add my name to my father's policy and take out the home e...

Daniel B. Turning PR into rental, have to pay off HELOC?
17 March 2021 | 4 replies

Hello,
My wife and I moved into one of our 2 family rental properties 2 years ago. We took out a heloc a year and a half ago and improved the property. We are now planning on moving this summer. We will rent o...

Ed Lopez HELOC appraisals; What do they include?
2 June 2017 | 1 reply

Here is my situation.  In January of this year I purchased a new primary residence.  When I bought the property I was planning on holding some cash back to do improvements however I ended up needing to add those funds...

Andrew Caldieraro Get a loan for a property you paid cash for, or not?
29 March 2019 | 10 replies

I bought a SFH outright for a rental property. Rent will be right around $1000/month. Appraisal value is $110k. I can get a 30-year fixed loan at 4.0% for up to $82,500 (not exceeding 75% LTV). With that said, closing...

Thomas Ebenhoch HELOC came back lower than expected
18 June 2018 | 5 replies

Hello all,

I own a three unit building that I purchased in 2016 with a 203k loan for $157,000 total with renovations included. I've done a good amount of renovations: siding/soffits/fascia, gutters, replaced all conc...

Tim M. accounting practice - recording personal loan to business
20 January 2012 | 4 replies

Hello all - First just want to thank everyone on BP for all the incredible info and knowledge - this is an amazing site!
I recently purchased a 4 unit rental. I took out a HELOC on my primary for the downpayment (3.75...

Tia Rubadeau Refinance options for recent purchase
22 July 2015 | 6 replies

Original Thread:I recently closed on a property (will be my primary residence) using half cash half private money. Purchased the house for 30k under assessed value and some renovations underway as well, so already ha...

Shaun Edwards Didn't know about BRRR when starting :( Any Advice?
12 May 2019 | 4 replies

My wife and I definitely didn't know about the BRRR method when we began buying rentals and are now wondering how we can take our current situation and start freeing up our money to buy more.....or maybe even using ou...

Adam Knickelbein Add Rental to Primary Residence as 1st "Property"?
27 August 2019 | 3 replies

Hi - this is my first post on BiggerPockets. Nice to meet everyone.
We live in a 3 bed, 1 bath house with an unfinished basement. The finished upstairs is 960 sf, the basement is ~900 sf. We are considering finishing...

Miles Presha USING EQUITY TO PAY OFF IRS?
12 July 2019 | 4 replies

My client has an issue -- 140K IRS bill. They recently  closed on a house they were renting to own.  They are broke, but the house has almost 200K equity.  What are some realistic options they can pursue?  Are there a...