There are a handful of investors offering nonQM investment property LOCs that are more like hybrid LOC/cashout loans.

Since a lot of you are wondering the difference between PML and HML, here are my thoughts about it...Private money lending and hard money lending both involve loans for real estate, but they differ in source and terms.

I think if there is a lender involved, when it gets to underwriting, they will deny the loan.

I’m currently being put on my parents feed.Now, I want to get a loan to pay off their balance $45k, get a lower interest rate (and yes it would be lower, believe it or not theirs is 9% and has been for years) and pull money out for some debt at this point I only want to pull out $20k.Obviously, there is equity.What’s the best loan for this?

Hello, I am currently looking to purchase a condo in the surrounding Chicago suburbs and I am looking to get a DSCR loan.

However, if you’re unsure about future property values due to the unique nature of the property, this could pose more risk.What You May Not Be Considering:Financing Flexibility: Using a HELOC for repairs is a solid plan, but make sure the loan terms are favorable and the rates are manageable over time, especially with interest rates fluctuating.Vacancy and Maintenance Costs: Once all units are rented, factor in potential vacancy periods and ongoing maintenance costs, especially with multiple units.In conclusion, while the repairs are a big expense, the strong rental income potential suggests it could be a good deal if you manage the rehab costs well.

I still hold a number of cryptocurrencies, but if you are just speculating for a future payday, I’d recommend a very small percentage of your portfolio go to cryptocurrency, and instead stick with tried-and-true investments like real estate.

Purchase price: $167,000 Cash invested: $8,000 My wife and I bought a duplex in 2019 -- we got an FHA loan and negotiated the seller to pay $8k towards our closing costs.

I have a $115 loan at 2.25% on a 15 year note.

I don't think your second idea is bad to ensure things are found and documented.I ended up qualifying for a SBA disaster loan that helped when FEMA would not do anything since my properties are under a business.