All Forum Posts by: Ardranae Byer

@Alex Olson

Hey Alex,

Thank you so much for responding. I am working on that line of credit now. I was thinking it is so much better than a loan since I will only be paying interest on what i use. Thanks again

@James Perdomo

Hey James,

Thank you so much for responding. I truly appreciate your insight.

@Andrew Postell

Thanks Andrew. I am very new to BP so I’m not sure how to post in different states. I actually didn’t know I could do that. I’ll figure it out.

@Andrew Postell

Hi Andrew,

Thank you for responding. Yes the refi or HELOC would be for one of my 2 families that I currently have. The loan is $81k and it's assessed at $114k (tax assessor). The property has had a complete rehab in one of the units. I have not had it appraised.

@Craig Sloan

Hi Craig,

Thank you for responding. Yes I have an LLC.

Hi BP,

I can use some insight. I having been investing in multi-units and SFR properties for about 4 years now and I been wholesaling for the past two years. I been using the traditional way to acquire the properties that i own (Only three). For the past year I have been reading/researching about strategies and funding options. I would like to use OPM for my next purchase, rehab and refinance. I have money saved up but not enough for the purchase and rehab. I have a 760 credit score and a great job. So I am wondering which option would be best to consider for my next purchase. Should I do:

*HELOC

*Personal Line of Credit

*Business Credit

I am stuck because each of these would hit my credit very hard and I am nervous that it will drop it too much to be in position to refinance. I have been approved for $70k (use for rehab and materials) of business credit but I have not accepted it yet. I have also been approved for slightly more in a personal line of credit that I have not accepted as well. Currently, I have not applied for the HELOC or Refinance for my rental properties. If you were in my shoes, what would you do? If there are other options out there that I have missed, please share. I am open to any

Hi BP,

I can use some insight. I having been investing in multi-units and SFR properties for about 4 years now and I been wholesaling for the past two years. I been using the traditional way to acquire the properties that i own (Only three). For the past year I have been reading/researching about strategies and funding options. I would like to use OPM for my next purchase, rehab and refinance. I have money saved up but not enough for the purchase and rehab. I have a 760 credit score and a great job. So I am wondering which option would be best to consider for my next purchase. Should I do:

*HELOC

*Personal Line of Credit

*Business Credit

I am stuck because each of these would hit my credit very hard and I am nervous that it will drop it too much to be in position to refinance. I have been approved for $70k (use for rehab and materials) of business credit but I have not accepted it yet. I have also been approved for slightly more in a personal line of credit that I have not accepted as well. Currently, I have not applied for the HELOC or Refinance for my rental properties. If you were in my shoes, what would you do? If there are other options out there that I have missed, please share. I am open to any

@Tony Robinson

O yeah, great job with the rehab! It looks amazing. How much input did you have on the actual decor of the house?

@Tony Robinson

CONGRATULATIONS!!!!! Thank you so much for sharing. You just have me a sense of assurance with my new deal. I will start calling the credit unions in the area to see if there are any programs that your union gave you. Wow! Thank you so much for sharing.

Hi BP,

I can use some insight. I having been investing in multi-units and SFR properties for about 4 years now and I been wholesaling for the past two years. I been using the traditional way to acquire the properties that i own (Only three). For the past year I have been reading/researching about strategies and funding options. I would like to use OPM for my next purchase, rehab and refinance. I have money saved up but not enough for the purchase and rehab. I have a 760 credit score and a great job. So I am wondering which option would be best to consider for my next purchase. Should I do:

*HELOC

*Personal Line of Credit

*Business Credit

I am stuck because each of these would hit my credit very hard and I am nervous that it will drop it too much to be in position to refinance. I have been approved for $70k (use for rehab and materials) of business credit but I have not accepted it yet. I have also been approved for slightly more in a personal line of credit that I have not accepted as well. Currently, I have not applied for the HELOC or Refinance for my rental properties. If you were in my shoes, what would you do? If there are other options out there that I have missed, please share. I am open to anything.