Ali Masoudi
Using (personal) line of credit for real estate investment
Hi fellows - I actually have access to $100k of personal line of credit. Wanted to seek your thoughts on what'd be the best way to use this credit? I already have one investment property and am exploring to expand my ...
Holly Hair
What to do with first rental property that is almost paid off?
WE have our first rental property that is four years from being completely paid off. (About $20,000 left). We have about $100,000 cash and we’re itching to make real estate be new streams of income for us in retireme...
Collin Cook
Working on our first deal
Hello All,we're working on our first deal I would appreciate any feedback.The property were going after is a duplex with 2 beds/ and 1bath on each side sitting on .75 acres.Here's the numbers:Purchase price is $51,900...
Pruitt Miller
Cash-Out-Refinance/ 1031 Exchange
Hi, I am new to Real Estate Investing. I was hoping to get some input on the logistics of the BRRR strategy. My parents own a home currently worth around $90,000 to $100,000. They have about $2,000 left to pay off. Th...
Matthew Fitzgerald
Should I sell or rent my primary residence
Hey everyone I wanted some advice this morning.
We are new investors and about a week away from closing on our first four plex. We used a heloc to buy this property cash, and after some renovation we will refinance a...
Jorge Uribe
HELOC or Cash out refi?
Seeking advise from others experience.I am working on strategies for funding next properties down payment.I have approx. $80k in equity in one rental.Do cash out refinance and keep my payment the same, but reset mortg...
Kelvin Ventura
Fix and Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $210,000
Cash invested: $50,000
Sale price: $350,000
4 beds 2 baths 1 car garage single family home.
...
Jill Herges
first analysis....
Just want to make sure I understand the 50% rule correctly...this includes all expenses (maintenance, repairs, vacancy, insurance, taxes, CapEx, management) except for mortgage payments??Example: purchase price = 199...
Kacie Benson
What if I used the first-time buyer to get ahead?
Just a thought I've had for a couple of weeks now.
What if I used the FHA loan and paid the PMI for a condo where I live and then get a rental property? I would have to take HOA's into consideration but . . .
Buy ...
David Ingram
6 months' worth of mortgage payments saved up to be approved?
Hi all! I have listened to BP Podcasts, read about 4 books from Brandon Turner and I'm getting my ducks in a row before I pull the trigger and finance my first long term rental. Talking with a lender I may want to go ...