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Hello BP,I'm negotiating on a quad right now. The company I invest in the stock market with offered me a LOC utilizing my portfolio as backing with a 2.5% variable rate, no fees. They told me that while the interest i...
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Hello BP,I am in need of any advice that can be given regarding spending less money from my proceeds to the IRS. I have a double closing scheduled just before the new year. I would rather not see my profits taken so I...
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How much time BRRRR would take for a first single-family house (finding a deal, rehab management, taking a loan, etc.)? How much time do you put in and how much money do you get out per hour? Do you think it's possibl...
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Hello!I currently live in the Washington, DC metropolitan area (specifically Silver Spring, MD) with my wife. We also just started the homebuying process through NACA. I'm seeking advice on purchasing our first home w...
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Interested in hearing your preferred method of refi when completing a BRRRR. Trying to plan ahead, by April we'll be refi'ing 4+ properties, each with varying levels of rehab - three duplexes and one 4-unit.I know we...
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Hi BP community!Have an interesting situation on my hands and I think I know which direction to take, but I'd love the opinions and thoughts of the community to help guide my novice self!Situation:I am buying a proper...
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Hi All,We need to come up with the 25% down payment to purchase an investment property in our area, can you share how we can find this 25% - I know we can look at using private money at a certain % but this method is ...
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Hello everyone!
My brother and I are in the beginning stages of forming an investment company, and we've decided that duplexes (or possibly triplexes/4 plexes) is where we'd like to focus for our buy and hold strategy...
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Has anyone in here used a HELOC to use as down payment to acquire a new property or to complete the renovations? Pros/cons? I have a good amount of equity in my primary house and recently bought my first investment pr...
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I currently have 10 Conventional mortgages and I was told that is the maximum Fannie Mae allows; so the big banks are not able to finance any new purchase. I have 2 houses (in Kansas City, MO) I had bought with cash a...