I am seriously considering taking a HELOC against my home and using it to start my flipping business, or possibly as a down-payment on an income property (but most likely flipping).
Would love to hear from those who ...
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I am already working with a mortgage broker and have run into this issue:I own a SFR outright, but the last tenants did a number on it. I wanted to roll repairs into a note and borrow against the property. Appraisal...
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Hello, I wanted to know what percentage is good to save for like your Cap Ex, Vacancy...ect
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Trying to get the correct understanding of this process. I want to do a 3yr with 3.5% down and $100/month rental credit.My main question is what happens at the end of the 3 yr period. I am under the impression that th...
I am moving and renting out my condo ($2700/month) in the San Francisco Bay Area. A prospective applicant asked me prior to viewing the property whether they can pay their security deposit (1.5 rent) in 4 installments...
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Very Good financing tools! As a Mortgage Broker, when you hear someone say I/O (Interest Only) mortgages are bad, the very first thing you think is that you're talking to someone who doesn't know squat! ...."Oh, we h...
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Wonderful community! I have a question - I rent by room in the Charlotte area and up until this point, I have rented all my rooms through referral and my tenants bringing me qualified folks (I've been very lucky). I h...
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Hey everyone. I wanted to see if anyone purchases their primary residence only after running the numbers to see if it would be a profitable rental once you move out (I know the numbers would most likely change so may...
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So I have been saving, growing out my credit lines, and finding all sources of funding I can from my own personal sources. Here is the breakdown of the funds my wife has agreed to let me utilize in my REI ventures. ...