Afternoon,
I am looking to tap into my rental property equity. I have been told that a HELO is not possible with rental properties, is this true? And what is the best path forward? Thanks.
~Andrew
Hi everyone,I'm contemplating taking some equity out of my first investment property to fund the downpayment on my second which I just went under contract for. I'm currently at 4.1% on my first property with a 20 yea...
I own a 2/2 rental property in Las Vegas. I purchased it for $42,000 cash but today comps list for $50,000 to $60,000. Is there any way I can access this equity to purchase another in the same building?I applied for a...
Is the payoff to the mortgage company during closing for a 1031 exchange considered an allowed expense or is it considered boot?
Hello everyone! Im being told different things by different lenders on seasoning periods for cash out refi's. Some lenders say 6 months, some tell me 3 months, some say me no seasoning period to do a cash out refi. Is...
I'm a new investor-really new-as in I've just finished chapter 7 of the Ultimate guide. I have a question about the 2% rule. Why is it that we say rents received from the property equals only 2% of the purchase price ...
First-time real estate investor looking to buy a multifamily property with the VA Loan and then use private money from family members to cover renovations. I'm essentially using the BRRRR method with the VA Loan. Does...
Hello,
I have good equity on a rental duplex I own and I was wondering if anyone knows of a way to tap into that equity without refinancing, something like a equity loan or line of credit. So far I tried multiple ban...
I bought this duplex property 4 yrs ago for 10k through a hard money lender. The property value is about 50k now. I currently have a tenant in the unit and I would like to pull equity out of the property and pay...
I had a friend recently recommend utilizing an equity line of credit for my commercial property that I now have a decent amount of equity in after down payments, renovations, and market appreciation. Does anyone have ...