Michael Bracken
"Howdy" from Dallas! I tip my 🎩 to ya for HELOC advise
Greetings, I would like to raise some money for conventional financing of a duplex or 4 plex.
I have a rental with 110k equity owe 39k 6.5% and a primary residence with 100k equity owe 98k 4.5% 15 year note. If I c...
Walther Mendez
Thinking about becoming a hard money lender with a cashout refi
Hey everyone,My parents are actually looking at this not me. Their primary home is already paid in full (valued at $150k). My parents and I were wondering if taking out a mortgage against their home and using that mon...
Paul Enzinger
Financing ideas on an investment property
We recently closed on our second investment property, a duplex, which is cash flowing nicely. We live in a duplex ourselves, so we have a total of three units. All our tenants have stable jobs. We are looking to perha...
Louie Figueroa
HELOC vs Refi?? Selling in 2yrs (primary home)
I need to do some upgrades to sell my home or rent it out in 2 years. I’m not sure which is better in my case. I have a 3.625 rate now and am hoping to rent it out in 2 years if I can save enough cash in the mean time...
Taylor Chiu
Parent's HELOC used for my rental. Tax deductible?
Last minute tax question here. I used some funds from my parent's HELOC on my investment property. Is the HELOC interest in this case deductible? Could my parents deduct it on their taxes, or would it only be on my en...
Yoochul C.
Best way to start out: Input needed.
Hey guys,New to BP, first post. Thanks for any insight.Here is my situation. I have three properties. First: Primary, about 600k, owe about 330. Second: Rental, about 550k, fully paid offThird: Rental, 500k, owe a...
Vincent Pirrone
How to use a HELOC in times like these?
I was just approved for a HELOC on my house and my original plan was to do a BRRRR, but in these times it seems like that is not a good approach. What about flipping a Mobile Home?Or, should I just sit on it until thi...
Randolph Brown
80/10/10 (Piggyback) For BRRRR
Anyone familiar with the 80-10-10 financing option for real estate investment? Does this option work with BRRR model? I haven't heard much on, what are the pros vs. cons?
Joshua Rice
Utilizing Equity in Property
We will have our current property paid off before we would feel comfortable making a move into buying a rental property. ( 6 - 12 months from now ) With everything going on right now it is making us wait to jump ...
Thomas P.
cash out with no mortgage
I am looking to pull cash out of a home with 100% equity, fully paid off no mortgage. I am looking to pull out 50% LTV. Would like a 30 year fixed loan. How do i go about this.