Howard Pritchett
Curious to know how everyone gets financing for rentals
Greetings everyone. For all those who invest in buy and hold real estate, I'm curious to know what strategies have you used and or use to finance your properties. I'm looking to get into another investment and would l...
Wendell De Guzman
How to Do a Fix-n-Flip with No Cash Out
Hi BP Nation. It's been a while since I've posted something here. I know a lot of you wants to flip houses given the popularity of fix-n-flip shows. SO for those of you beginners who don't have much cash and you want ...
Cody Maxwell
SPEC homes line of credit
I currently am building spec homes in a rural area in Colorado and have been self funding the spec builds. I am looking into getting a SPEC line of credit for 1MM or 1.5MM. Each project cost is around the 400k market ...
Ridge Gonsoulin
Home equity for remodel
My wife and I are currently looking to remodel our house. We own it outright, it’s worth about 280,000. We are looking to do about 100,000 in renovations (because it really needs it.) Was wondering if a home equity lo...
Scott Mac
How does an unsecured line of credit effect a new loan.
Re the DTI or any other metric lenders typically use.For instance:-- Loan applicant A has an unused unsecured line of credit for (example) $10,000.-- Loan applicant B has an unsecured line of credit also for $10,000, ...
John Tran
Refinance of rental properties
Hello BP Experts,
I have a quick question.
I want to pull out some equity from my 9 existing rentals. Each of them valued about 250K all paid off and cash flowing. First Carolina Bank of GA offer me a $750k LOC fo...
Paul C.
Deducting Origination Costs on Line of Credit
Does anyone know how you would deduct the costs of obtaining a line of credit? For example, let's say I get a line of credit and I pay the following fees:Attorney Fees: $500Origination Fees: $750Title Fees: $1,500Cou...
Nadine Massarelli
Horizon finaincial Group: John L Herrick
Hello everyoneI was wondering if anyone here has worked with Mr. Herrick at Horizon Financial Group out of Dallas Texas. He seems to have an interesting hard money program but I have not been able to find any reviews...
Evelyn Castillo
HELOC line of credit
Hello, how can you go about to get a HELOC line of credit if you don't make much/don't have any credit/have no assets? I plan on using HELOC and hard money lending as a way to fund deals being that a regular bank loan...
Steve Bugnacki
HELOC to Make Cash Offer
Looking for feedback on my strategy. My thoughts are I can get better deals with a cash offer on or off market. To that end, I can access $280,000 on a HELOC at 6.75%, and have other funds available to make a total...