3 August 2018 | 9 replies
HELOC is just a credit line, So you can buy/rehab and refinance with a regular loan in order to pay back your HELOC if you want or pay back the HELOC with time.Depending on the type (1% Payback or Interest Only Payback) if you borrow 80k, your monthly payments would be $800 - if you were renting for say $1000+ and covered all expenses, then you could just pay back your HELOC and if rates adjusted, your payments is still 1% payback - you would just have more interest added on for the life of the loan.I have a HELOC and opened it up to be able to fund my rehabs or have extra $ to close on a deal.
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25 July 2018 | 10 replies
If you did, they will abate his rentals and credit you.
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19 July 2018 | 3 replies
@James BeaverKeep calling portfolio lenders (small local banks and credit unions).
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18 September 2018 | 11 replies
Neither is your DTI, etc.Lenders will look at your credit.
14 August 2018 | 14 replies
The hundred bucks off the top or whatever, is perfectly fine for me to pay.This sounds so terrible, but I just can't get involved in a renters business or life.
20 July 2018 | 10 replies
All I care about is my credit score, and know this place could go to auction soon.
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15 November 2018 | 28 replies
Tom Gimer can verify.....I believe one of the conditions for title insurance to buyer is that property taxes have been paid/credited at sale and believe property taxes are an exception not covered.
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18 July 2018 | 2 replies
My credit is over 800, along with a strong financial background, so I am not worried about getting approved.
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18 July 2018 | 5 replies
My credit union needs a 12 month seasoning - I tried.
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9 September 2019 | 59 replies
Series XX, CFA, CIPM ect. 2) This most likely won't be terribly earth shifting in terms of RE syndication since the subset of folks who work in finance and already aren't accredited is pretty small.This entire post is the result of no more than 15 minutes on google and to much coffee, so give it as much credence as you normally do things you read from random people you've never met on the internet.