Most lenders do have similar processes.Most of the people who will advertise their services to you here on BP are brokers for direct lenders.Most of the Brokers on here charge an arm and a leg for their services which is the reason why, initially, I did not utilize private lending.I'd be happy to recommend the Broker we use who is great at what he does and is very reasonable when it comes to the commission he adds for his services.We do a lot of investing just outside of Charlotte in the York, Chester, and Lancaster Counties.

We (me and a 50% partner) recently paid off our first property (a rental duplex).

There is also copper pipe on the gas supplies to the heater and a/c units which is not permissible. due to no accessible attic space, there is also no way to run electrical service to the closet to convert to an electric water heater.

Competitive rates and a good track record of finding long term tenants.

I found a lovely 3 bedroom 2 bath in a good location and a good condition for 600k, I see a vision just like my other property and I can see it cash flowing as well after a few renovations.The one thought that holding me back?

I worked with an agent and a lender.

That means you would need to refinance, usually with some down (if you don't have enough equity) and a higher interest rate.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $1,075,000

Cash invested: $160,000

Indulge in modern luxury at this fully renovated 4-bed, 2.5-bath home boasting n...

Hey everyone,So I have been looking for a lender that can open a HELOC on a my primary residence single family with both an ADU and a JADU.

I have a salary and a good amount of real estate income.So far I encountered issues as my real estate NET income looks like $0 because of depreciation, and so the DTI looks inflated since I have the corresponding real estate debt.I am looking for 300k HELOC on $1.2M property with $660k mortgage at 3%.