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5 October 2024 | 8 replies
Another option is to cashout refi, park the cash in CD's with decent yields at a local bank/CU, and then borrow against the CDs as needed.
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8 October 2024 | 36 replies
BiggerPockets Forum Discussions on LLC’s Summarized:BP poster: I need to transfer my properties to an LLC for anonymityYou’re told you are not anonymousBP poster: But I need it anyway for tax savingsYou’re told there’s no tax advantages BP poster: But I can get non recourse debt because the LLC is the borrower.
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3 October 2024 | 6 replies
Is it possible to borrow with fewer constraints?
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4 October 2024 | 4 replies
I'm probably biased being a broker, but I think you have a better experience going through a broker with them than borrower direct from what I know.
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5 October 2024 | 9 replies
Go where your income to cost of living is the greatest ratio, hands down.A good portion of my borrowers buy out of state and use property management to deal with the properties.If your in college you've gotta increase your ACTIVE income, before you get passive income.
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3 October 2024 | 15 replies
@Liliana Galayou will need some of your own cash - there is no way around it and borrowing 100% is high risk.also - not to discourage you, but to help you - flips are tougher than as portrayed on HGTV.
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3 October 2024 | 8 replies
You look for good houses, get okayed for loans, pick the best changes to make, plan your money, put your place up for rent in a smart way, take care of the house, list on many sites, borrow again, and use the new cash to buy another house.
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4 October 2024 | 5 replies
You probably also want to share with Owner your 780+ credit report to show you safe you are as a borrower.
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4 October 2024 | 20 replies
Quote from @Fritz Pascal: Hey with the no seasoning who did you go with bc I’m in the same situation @Fritz Pascal Might help if you mention the state you are looking to borrow in.
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3 October 2024 | 6 replies
. $100k equity probably doesn’t give you much to borrower either from a ltv standpoint.