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Results (10,000+)
Huong Luu Keep or Sell?
18 January 2025 | 1 reply
The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!
Roman Stefaniw Arms length Mortgages/Private Lending
14 January 2025 | 15 replies
All interest rates and payment plans are custom made to work for both parties therefor creating a win win scenario.As far as partnering with the banks goes.
Devin La Croix When can I buy again?
21 January 2025 | 4 replies
At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.
Jimmy Chao Selling fixer to relative and avoiding seasoning period.
19 January 2025 | 3 replies
There is no seasoning requirement involved since the property isn't a short sale and it isn't someone buying REO from a bank with a seasoning requirement.
Colton D Lawrence Creative ways to Improve Debt-Income to Qualify for Loan Approval
14 January 2025 | 1 reply
I mean myself and any bank would need more details, but if you utilize that large sum as a downpayment and have a small mortgage, wouldn't you easily qualify for the debt to income?
Evan Ryan 1639 S Robberson
14 January 2025 | 3 replies
Bank Credit Line How did you add value to the deal?
Roman Balmakov Should I Buy a Cashflowing Multi-Family That has Permit Issues?
17 January 2025 | 7 replies
Alternatively, if the bank ( assuming there is a bank) is fine with it, you could negotiate a credit and escrow the funds to be released after you do it yourself.  
Jacob Havlovick Duplex House Hack
22 January 2025 | 8 replies
For bookkeeping purposes, I recommend designating a separate bank account exclusive to the house hack activities to keep some sanity.
Duke Butterfield Sell or Rent? (Self-Manage or PM?), 4 year-old Primary Residence to Rental Property
27 January 2025 | 14 replies
As the cash flow is obviously much worse than you can earn in the bank with a basic CD.
Karen Smith The Rise of Private Lending: What's Your Experience?
13 January 2025 | 12 replies
However those with no to very limited experience will never get a fix and flip loan  from a bank. 4.