I have been posting some of my Detroit deals/houses I have purchased on BP so investors can learn along the way. No expert but am starting to work this market and getting an idea on what strategy will hit the sweet sp...
Hi BP,I have just closed on my 5th buy and hold deal :). The property was purchased and renovated for cash using funds from a HELOC. The strategy is to do a cash out refinance to pay down the HELOC and hold a mortga...
We are looking to use a cash out refinance on our current home. We have a second home we are interested in and would move to. We would rent our current home. I spoke with a loan broker and the cash out refi is not a ...
Here is the scenario:My Rental property (SFH, used to be my PR 4 months back) is valued at 1 Million in North jerseyI have 480K debt on it with 2.6 % interest.I am getting cash flow of 1100 $( may increase in future)I...
I have 35k for real estate investing and I can tap into a HELOC for about 200k. Should I stockpile cash and wait for opportunities possibly next year with a rumored real estate market downturn or buy asap?
Hi everybody
I was wondering if anybody has any out of the box ideas for creating a little extra cash flow out of your rentals. For example, the apartment i just leased was a one year deal (only did it because I don...
Does anyone recommend up and coming neighborhoods in St Pete for short term rentals? What about Brighton Bay? Close to water and Gandy bridge. Center to Tampa and beaches. Properties still relatively cheap. Thoughts...
Hi BP Community,
My private/hard money lender want's to invest with all hard cash. I wanted to know if anyone has dealt with this before. How would the process work? Sending the money to the title company? Can I conv...
Hello,I have a tenant that owes about $24,000 in past-due rent. Supposedly, is pending government assistance but is pending fund distributions. I can get about $2,500 in rent which is $900 more per month than I am ge...
Hi BiggerPockets folks,My tenant is late on rent. They can't afford to pay for it. So I am negotiating with them that if they move out next month, I'll cover up the moving cost. They are willing to take it. Here's my ...