David M.
Financing newly cash purchased property
We sold an investment property and put $ in 1031. We have a deal part 1031, part cash, for two triplexes. Would a bank finance one triplex 30-40% with $2300 rent income so we could finance renovations to the other 3...
Philip Sriployrung
Does BRRRR only work on higher value properties?
I bought my first rental property (50k) about a year ago and haven’t refinanced yet due to high closing costs (~3.5k) relative to the cost of the home and the cash I put in (10k down).The cash out refinance sounds gre...
Adam Craig
Buying small office building with essentially no cash flow.
I am looking to buy my first commercial building. The plan is to use a very small portion of the building for my new office and rent the rest which could be broken up into 3-6 units or more. Here are details...4862 Sq...
Jeremy Michiels
Frankenstein house found - Thoughts on what to do with it
I just walked through a home in North Dallas yesterday that has gone through multiple modifications and add-ons. It's zoned as SFH, but currently housing 2 separate renters and the owner (think 3 plex). The owners spl...
Carl Fredrickson
Contribution to net worth
If you have shares in a publicly traded company, their contribution to your net worth calculation is the number of shares you hold times the price per share. If you have a house, it’s contribution to your net worth ca...
Erika Baker
HELOC for downpayment on first property
I just recently opened a HELOC from my primary home to use for a down payment on my first investment property. I will finance the rest with a conventional loan. My question is, what is the smartest way to pay back the...
Drew Spencer
If I have a HELOC am I essentially a cash buyer?
I'm looking to make an offer on my first investment property within the next couple of months. I know that speed is essential in finding good deals, and I hear a lot about cash offers or cash buyers closing quickly. I...
Angela Kelsay
Cash upfront; how hard is it to get financed after the deal is closed?
I have always done cash deals on flips. I am now looking at a potential buy and hold property. It's an online auction so I'd like to incentivize my offer by using cash but long-term want to finance the property. Ob...
Chris Pasternak
Requesting opinions on ways to purchase 2nd property
Hello BPers - new buy and hold investor here. I like unconventional ways of purchasing because they seem to offer the best deals, after you find your distressed situation.
Scenario:
Eyes set on a fully...
Jonathan S.
Suggestions on How to Structure a Deal (buy and hold with rehab)
I recently purchased a 2 family in a highly competitive area in NJ which i'm house hacking. I've been speaking with my neighbor who has lived there for years and slowly planting the seed to buy his property. His prope...