We used a fannie mae homestyle loan to take it as-is and renovate it using the banks money. 

I am looking to borrow against my equity in one property to renovate my second property that I purchased a few months ago.

Hello everyone,I found a fix-and-flip deal where all the numbers look good except for the fact that I don't qualify for the loan due to not meeting liquidity requirements.

This is the biggest thing keeping me on the fence. 3a) I have several million dollars in equities, and another several million in CDs, and the CDs are paying me 5.2% for zero risk.

Are there any hard money lenders that will loan with no experience?

In other states, attempting to "help" homeowners in foreclosure (or in imminent danger of default) can put you into the crosshairs of an attorney general or worse, a DA.I've enjoyed being part of personally exposing scammers that prey on people to strip them of the equity in their homes.

The loan wasoriginated in 2021.The investors, Ridge Capital Investors, paid only $33m for the property in December 2019, less than 2 years before a $43m loan was extended against a $63m collateral.

You need to talk with your attorney and tax advisor to determine the best structure for you and your goals.One big positive in LLCs, even though the cost to finance is much higher (more down and higher interest rates), when you get commercial loans, they will no longer be on your credit report.  

I came across the opportunity to buy a mixed-use commercial property but I wasn’t prepared and not sure how to navigate the commercial process since the owner isn’t willing to seller finance, and I just recently bought a primary home in November so I can’t get any type of owner occupied loan.

Currently in the process of underwriting and finding equity partners for a deal our team sourced in Chattanooga.