I saw this posted a while back and wanted to update it with a few more options. Creative Financing is all about negotiation. Here are some of the strategies I have personally used to build a small portfolio on the sou...
Hello,Considering using the equity in my primary residence to apply for a heloc. I am told most banks/credit unions will lend 85% LTV on primary. With rates increasing, should having a variable rate with a heloc make ...
I own a condo in Orlando that I purchased in 2021 at $270k with 20% down at a 3.65% mortgage. I put $7k additional into renovations. It’s a short term rental that cash flows steadily every month after all expenses. Ba...
I'm taking 2-3 years while saving down payment to learn the REI business. I've owned several (6) homes (sequentially) over the years, but not much emphasis on investing, more concerned with family (3 kids). I own a ne...
Hi BP,This is my very first post here :) We need some advice with one of our rental properties. It was not the best investment, (bought in 2007 during peak), the property is barely cash flowing. $76 monthly cash flow,...
Hi BP!
I've been chatting with the owner of a 3-family property interested in selling off-market. He has a set of "wonderful" tenants in one of the units who want to buy the place, too. I just found out today that th...
Hey guys,I am new to the forum and I am currently a new Short Term Rental investor as well. I have just started my 1st STR and it’s going great, even better than I expected. I’m looking to do a cash out refi because I...
So I have been getting "outbid" in this market as I am sure a lot have, but what I'm finding is perhaps it's not as much about being outbid as it's being outdone by cash buyers.This leads me to my next question, I hav...
Hi Everyone, I feel like this is sort of a Catch-22 since, while searching the next (or first) deal, I feel like I'm losing out on potential interest while holding tens of thousands in a savings account (on top of 3-6...
I have read a lot of books in finance and real estate since my early 20s, but one thing that has always been consistent in my readings for the past 18 years is the wealth profile of millionaires. In chart above you ca...