Hi! My primary home is worth about $2M and paid off. I would like to draw $1-1.5M from it to buy a multifamily property with a 1st lien HELOC. The problem is that my income doesn't support a loan of that size and I...
I apologize if these questions have been answered elsewhere, I've read through pages of search results and can't find anything. This forum is a fantastic resource and I appreciate the time and experience of those who...
Hi everyone, looking to begin in the buying and holding world in either single family units or duplexes. I'm about 48 podcasts deep, here are a few questions I'm hoping someone can clarify for me. If location matter...
Hi network,The gears in my mind continuously seek out good investments, real estate seems like the next logical step. I like deep value and contrarian thinking. My main business keeps me out of the country for a healt...
Going through the process of buying my first home. Plan to live there for 6 months or so, then move and rent the residence out. I am doing a Va loan through Navy Federal Credit Union. Let me start with this, I absolut...
I bought one of my property at peak price at 2006, finally the price rise up to the same level when I bought in.My condo is very easy to rent and has 0 vacancy rate so far but the HOA fee is so high , the return is ri...
How did you know when it was the right time to quit your full-time job to go into real estate? Also, how do you get around the banks requiring a W2 to get a loan for rentals if you don't have a full time job?
I recently came across a new strategy that I don't quite understand and it sounds too good to be true. The principal is simple. Use your heloc to pay your mortgage and funnel all your funds in and out of it like a che...
Hi guys! Newbie investor here! I just closed on a HELOC of my primary here in Tampa, FL and was able to pull $185k. As you all know the market here is crazy and homes are on a steady incline. My wife and I are followi...
Hello all,In my past year of experience networking in Richmond, VA and growing knowledge in REI I'm finding many investors in the area seem to be wholesaling and flipping in low barrier to entry areas (Petersburg, Hop...