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21 November 2024 | 10 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.
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20 November 2024 | 4 replies
To refinance your Tesla under your LLC, consider lenders like Ally Bank, Taycor Financial, or National Funding, which offer business vehicle loans and may work with newer businesses if you provide a personal guarantee.
19 November 2024 | 28 replies
I'd start by talking to a bank about loans if you're DTI is already high-ie how much can you borrow?
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20 November 2024 | 12 replies
Assuming you paid $430k, put down 10% ($43k) so have a loan balance around $387k and $100k in equity means it’s worth $487k.
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17 November 2024 | 7 replies
I tried to get a HELOC on my rental property, but the bank denied me for a low loan-to-value on the property.
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22 November 2024 | 10 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1130015/small_1621509338-avatar-kevinh325.jpg?twic=v1/output=image&v=2)
18 November 2024 | 13 replies
Our current portfolio looks like this:LTR that is worth 150k with 65k of debt left on it at 3.65% on a 20 year loan - PITI = $785 per month - long term tenants paying $1650 per monthLTR that is valued at 110k with 45k of debt left on a 4%, 20 year loan - PITI = $583 per month - long term tenants paying $1550 per monthSTR that is valued at $275k with 155k of debt left on a 3.5%, 30 year loan - PITI = 1080 per month - brings in over 35k per year gross for the last three years.Would you do a cash out refinance on one of the properties to pull out some of the equity to pay off the $48k HELOC or would you sell one of the LTR properties to pay off the HELOC?
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20 November 2024 | 15 replies
Ideally completing light renovations like this shouldn't take long and you should have a low holding cost on the hard money loan (if you used debt) and make a higher profit on the sale or have more flexibility on the payoff when you refinance Plan on long-term and hold.
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19 November 2024 | 4 replies
You can then GC the project yourself and let them help be eyes and ears and offer you the speed to get the projects done on time.As for financing, I had great success using a commercial loan product with a small community bank.
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20 November 2024 | 4 replies
If this is a 1-4 unit residential loan, most appraisers and lenders are going to use the sales comparison approach.