I've heard about this and I find it interesting but I haven't been able to get my head around the payback. Is anyone practicing this strategy either locally in New England, Providence, Boston, etc. or nationally? It...
It would seem that a HELOC for a down payment on a new investment property when it comes to SFR or 2,3,4 Plex is a no go due to Debt to Income ratio.But can I use a HELOC as a down payment on a 5+ unit?
Evening, BP Fam!I'm looking to buy a specific property using "subject to". if we get to a contract, we'll close it, get a warranty deed, a power of attorney from the seller to me for the property, and by snail mail wi...
I have 2 potential good deals. One that I think would make a good flip and the other that is a good rental deal. I already have 3 mortgages so I understand I can only have 4. I would like to find an investor for the f...
Had a friend call me about a mailer from this company. Has anyone tried them? He has quite a few properties and has exhausted his loan originating abilities. According to these lenders they don't care about debt ratio...
Hello All,
I am a new investor and currently own a 2 bed, 1 bath condo that has a good return on investment. I have an opportunity to move forward with a cash out refinance on my primary residence (good amount of equ...
I am a new landlord of a 6 unit building in Philadelphia. What are some ways to grow in real estate aside from reducing expenses and increasing rents (e.g., buy other properties)? I prefer the monthly income over the...
Hello,I am generally a lurker, and I find posting on forums very intimidating. I usually listen to the BP podcasts and I love reading about real estate and financial independence. But I am gearing up for my first mult...
Hi Everyone, we have been acquiring single family rentals (>10% cap rate) in St.Paul and Minneapolis the last 12 months and we are noticing the demand for affordable single family rental (1100 - 1500) is increasin...
Been reading this forum for a while and am excited to finally make my first post. I recentlty purchased my first investment property. I closed on 10/15. It is a 2bedroom, 2 bath condo in a nice community - Wanted y...