Chida Truong
Pace Morby Mentorship
14 October 2024 | 420 replies
In our situation we have mid 7 figure unsecured line of credit we could stroke a check at anytime.. or move it to our 8 figure secured line.. our financing was already in place.
Kamlesh Kukreja
Private lending in land development
13 September 2024 | 5 replies
I am afraid since this appears to be unsecured there wouldn't be an avenue to place a lien on the property.
Casey Johnson
Building my Own House, then using BRRRR
12 September 2024 | 6 replies
Last, there are a ton of unsecured loan options for you if you have decent credit (usually 700+) and low credit card utilization (under 30%).
Maria T. Torres
What are some key tips and common pitfalls to avoid when closing a residential loan?
11 September 2024 | 5 replies
Just make sure not to open any new unsecured debts, or change jobs.
David Tran
Hero program is a scam and fraud
15 September 2024 | 22 replies
Transferability - While PACE loans are transferrable (unlike unsecured loans) the reality is it will be a sticky situation when you go to sell your home.
Brian J Allen
Why Are So Many Houses Bought with Cash?
6 September 2024 | 11 replies
Many “cash buyers” are not unleveraged buys.
Miranda G.
Lenders for Earnest Money Deposit / Down Payment
7 September 2024 | 9 replies
I am fairly certain no longer needs funding, but for any others that stumble across this post since it has been resurfaced, you need to know that Unsecured Borrowing is not allowed by any traditional loan options (fannie, freddie, USDA, FHA, VA).
DeAndre Mason
Can’t cash out refi
5 September 2024 | 3 replies
You might, in the meantime look for a second or unsecured loan from a family member or close friend to finish the work.
Angel Dejesus
Heloc or Credit line whats the Difference when you have a multifamily
3 September 2024 | 7 replies
A general credit line, on the other hand, could be secured by other assets or unsecured, and doesn't necessarily involve your home equity.HELOC Characteristics: - Uses your home as collateral - Usually has a lower interest rate than unsecured credit lines - Typically has a variable interest rate - Allows you to borrow up to a certain limit, repay, and borrow again during the draw period - Can be used for various purposes, including home improvements, debt consolidation, or as an emergency fund While it's possible to use a HELOC for RE investing or rehab projects, some lenders may be hesitant about this use.
Claudia Stewart
Dead lawn due to lack of watering on vacant property considered PM negligence?
6 September 2024 | 19 replies
I am wondering if we have the grounds to pursue any legal recourse if the PM company refuses to take accountability for the existing property damage (dead grass) and potential threat of an unsecured property.Your advice/opinion is greatly appreciated.