
23 February 2025 | 10 replies
Easy to use yourself too HELOC works (there may be some places that do a HELOCs on rental properties)I personally have used a 401k Loan on a few occasions - You're essentially borrowing money from your 401k and paying yourself back (interest goes back into your 401k as opposed to a bank) and if you don't pay your 401k back the loan would simply become a withdraw (maybe some tax penalties, but you could probably finagle a workaround).

3 March 2025 | 8 replies
Many traditional lenders struggle with self-employed borrowers, especially when tax returns show losses on paper.

3 March 2025 | 2 replies
This is the same way a lender would qualify borrowers for a mortgage. 3.

2 March 2025 | 17 replies
If necessary I can borrow any funds I do need thru Pace Morby.

18 February 2025 | 5 replies
Quote from @Josh King: I have 2 rental properties I paid cash for years ago and I have never borrowed against them.

18 February 2025 | 4 replies
So, based on your numbers you could borrow up to 243,750 on property A, but owe 220k, so that would only be 23,750 in borrowable equity.

4 March 2025 | 2 replies
So depreciation does not affect your borrowing eligibility, however most other business expenses do.

22 February 2025 | 48 replies
. - Hence why all the DSR loans we've seen have a required document the borrower signs that states the lender will start foreclosure proceeedings if the borrower ever occupies the property.Please correct me if I'm wrong or clarify anything I missed.

3 March 2025 | 5 replies
If you have a loan will you be refinancing it to a commercial loan with the LLC as the borrower?

19 February 2025 | 9 replies
Then they will release the funds based on what is finished.7) Sell the home and payoff the loan / rent the home out and refinance the borrowed amount.Hope this helps give a simple time-line.