Account Closed
Borrow for Down Payment
I'm eligible for a loan from Lending Club for $24k. Can I use this money as a down payment for a conventional product/hard money skin in the game? Or is there some rule that bans borrowing for a down payment?
Account Closed
Trade off loan borrowing
An out of state friend wants to partner with me in a SFH which I hope to occupy as primary residence for house hacking purposes for certain amount of time. He expressed interest in having his name as the loan borrower...
Derrick R.
Borrowing against brokerage account
First of all, I am in no way an expert at this, so please call me out if this sounds ridiculous! I'm looking for info on the wisdom (or stupidity!) of borrowing against a brokerage account for RE investments. Basic...
Dan Barman
Borrowing Against an IRA???
I've been hearing some murmurs lately about people using their IRAs as collateral (?) to "borrow" funds to use for down payments / rehab financing for real estate projects. A family member of mine passed away a few ye...
Ciel Tierra
creative borrowing in Indianapolis
Hello everyone,I am relatively new to the forum, so I will introduce myself. My name Is Ciel Tierra and I am an out of state investor from Hawaii and have decided to buy realestate in Indy where I feel there is a sw...
Todd Krzeminski
Borrowing against Precious Metals
Anyone here ever borrowed against Gold and/or Silver Bullion for purchasing real estate? If the price of precious metals is expected to go up (significantly?), it might make sense to invest more in bullion and then le...
Jonathan Newsome
Borrowing Against UNWARRANTED Condo
I own a condo free and clear in my old college town in florida. It's small, probably worth around 50k. I would like to pull some equity out to fund a new venture, but I'm having a problem getting any of the "big banks...
Liam Morris
First Flip - Borrowing Questions
Planning to do our first flip in the next couple weeks. Taking an unsecured loan from the bank, savings, and borrowing money from 1-2 friends. What advice do you have for making sure the friends’ investments are secur...
TJ Quinata
Borrowing money from 401k
I’m thinking about borrowing 20k from my 401k to get started. Is this a smart idea?
Genaro Padilla
Borrowing other people's money
I have a person trying to sell 10 homes, pretty much his whole portfolio. I would like to buy the homes unfortunately I dont have that type of money. How do I go about borrowing money to buy the homes and then getting...