Fay Chen
My First ADU in Los Angeles
Investment Info
Purchase price: $150,000
Cash invested: $150,000
Garage conversion ADU at primary residence. Increased property value by ~$200K. Rent $2000/mon. Taken HELOC at promotional rate o...
Sophia Berry
Should I go Conventional or Hard money to build personal home
Good Afternoon,I am currently building homes as an investor using HELOC's I have acquired. Because the market is great I plan to sell my personal home and wanted to build another home for myself. I don't want to use m...
Vanessa Wheeler
Best Loan for Home Renovations
Hello! Looking to do home renovations ($100k), but need some advice on how to finance it. If HEL or HELOC, would need a loan that uses ARV since much of the house is a work-in-progress, and I'm not confident on how ...
Thomas Ebenhoch
HELOC came back lower than expected
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
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...
Mathew Morford
Ideas on areas to invest in
Currently, I am renovating my home to get a HELOC or sell. I have a good amount of equity, so I am just getting ideas of where I want to be at. I have been doing plenty of research in short-term and mid-term rentals, ...
Landon Lehmann
Looking for connections
Hi! Im new to real estate investing, I have 7 years of experience building from new homes to commercial builds. I currently still work as a superintendent but my wife and I both dream of owning our own real estate and...
Mary Chen
Expenses that can be used in a 1031
The property we have has some repair work that needs to be done before we are selling it out as a 1031. What kind of expenses can be claimed back from the sale proceeds? (Eg Travelling cost, cost to repair (labor, ma...
Sam Spade
How to buy my first investment property
Greeting all We live in New York and would like to buy an investment property in Florida close to Orlando as it Airbnb. I currently own a property with a mortgage that has an interest rate of 4%. I like the loan and d...
Conrad Feh
Newbie Investor with 40k HELOC.Advise on How to Spend Wisely
I am a newbie Real Estate Investor and after reading Brandon Turners' Book on How to Do Real Estate With Low or No Money Down, i learned about the HELOC strategy. So i applied and was qualified and I now have 40k in m...