All Forum Posts by: Bridget Huebner

@Steven Goldman

Thank you for the good info! I will be learning more about these real estate based banks for my future investing!

@Jessica Tsao

Thank you for your response! I've never considered a DSCR loan before so I'm going to do my research! Would I be able to do a DSCR style loan on a single family home if I do not have an LLC?

Forgive me, I've learned a lot but am only about 3 months into learning about what real estate is going to do for me.

I was wondering if anybody, in the most Real Estate for Dummies way possible, could walk me through the process of paying off a private/ hard money loan using a conventional mortgage?

(Forgive me for this next part, I'm trying to understand this process and have not been able to find the answers I need!)

For clarification, I buy a house that does not qualify for a regular ole 30-year mortgage right? Let's say it has a foundation issue. I have a private party pay for the house. Before my balloon payment after a year or so, this property would now qualify for a conventional mortgage! Yay! Can I get a mortgage on this place to pay off the lender and then keep the property for myself as a rental?

Someone, anyone, please hold my hand and walk me through this process and tell me anything I need to know. Thank you!