Susan W.
How to use HELOC to purchase second home
Hey BP Community!I have a HELOC, let's say $100K (to keep the math simple) and want to purchase a second property for $500K. Let's say I have $50K in cash so a total of $150K (includes $100K HELOC). How do I finance t...
Andy Church
Can this strategy be optimized to generate 100K per year?
Good day BP,I am looking to generate about 100k per year from real estate investments and wondering if the plan below can be optimized to get to that goal sooner.Assumptions:1. Starting capital $400,000 invested in 12...
Shawn Burns
Fees and Closing Costs Associated with a Wholesale Deal
Hi BP, I am wondering what closing costs and other expenses I should be aware of when assigning a contract? I would like to be able to let the seller know what to expect when closing and similarly what to expect the b...
Matthew Lee
I cant seem to get the math to work on the rent
Im a Newbie, Ive just recently gained interest a few months ago and have been doing research. Im from Canada and im guessing most of your guys are in the US. but when I do the math I can seem to have the rent cover th...
Ray Slack
Can I have a set principal and interest payment in a note ?
I'm buying a cheap property and the owner is holding the financing. I proposed to the owner a payment of $100 per month principal and $25 a month interest with a 7 year balloon and she agreed. Her attorney got ah...
Daniel K.
Bug in Calculator or are my maths terrible?
Hi,
New biggerpockets member. I went pro because of the calculators, etc. So far everything has been great but I've been playing around with the calculators and can't get the numbers to foot. I created a "dumb" calcu...
Eric Peterson
Cap gain calculation selling O/O home now a rental
I can't find an answer to this question anywhere with a search of the group. I have a specific question about how taxes will be calculated selling a home that was originally purchased as owner occupied and has been a ...
Tyler Peebles
BRRRR Question Process
When it comes to BRRRR I just bought a property that I plan on rehabbing. I paid cash. After the rehab, I plan on renting then refinancing. The part I don’t understand is do you use the equity towards another place to...
Mark Lynch
Can I attain a 203k loan for investment purposes
If I we’re to attain a 203k loan for my personal residence. Buy something distressed, use the loan money to purchase and rehab. Could I refinance on that loan after 6 months to a year and pulls out the equity after ge...
Account Closed
Impact of deductions explained
New here and understand the general concept of deductions on income. Could someone explain with simple math. Let's say a $300K 4 unit bldg with total gross rent of $3K & $1K/mon operating expenses (trying to keep ...