Lauren Daly
Fact Check on On Balloon Loan
My commercial division mortgage advisor at my credit union tells me that after the 5 year period on my balloon loan they will ask for new financials, and we can refinance my balloon loan with no refinancing fees atta...
Nick Gray
Should RE Investors Break Portfolios Into Multiple LLCs?
I understand the reasoning behind placing real estate in an LLC: for the owner to shield himself/herself from personal liability in the event of legal action.
However, is one LLC enough? Say an investor owns 10 prope...
John Erickson
Advice on Cash Property Purchase and HELOC
I'm purchasing a property this week in Mississippi. It will be a cash purchase. This will be my 3rd rental investment property (mix of long and short term rentals). I'm eyeing my next move which will almost certai...
Ryan Spath
Cash out refi Idaho
Does anyone have a contact for a bank/broker that does cash out refi and operates at competitive rates?Have been working with MACU and they are @ 3.625% the broker seems to be to busy to want the business. ICCU is rea...
George Hinojosa
wholesale mls
Hello All!
I have a question.Can you wholesale a property already listed on MLS? The end buyers are going to get a loan from a bank. Can I still get a assignment fee from a bank loan? I only seen it on cash b...
Chris LaFrance
Loan guarantee fee?
Anyone out there have insights into a fee (or other incentive stucture) that would be reasonable to charge to a partnership for personally guaranteeing a loan on a property being purchased by the partnership? Similar...
Dylan Cote
Trying to Secure financing
Alright Bigger Pockets, i need your help getting creative. Here is the situation, im trying to secure financing for a property. Actually two properties. One plot, two individual houses. I reached out to my VA guy beca...
Clint Worland
Small Hard Money Loan (popping my cherry)
Good morning Friends.-I have a client who is in need of about $10-$15k in order to fix up a rental property that just became vacant after a long term tenant moved out. They are asking to borrower a total of $50k in or...
Todd Fullerlove
Using rental income for loan approval
Hello BP Friends,When getting prequalified for a mortage to buy a duplex or any 2-4 unit. I hear that lenders can use the rental income you WOULD be bringing in once you purchase it towards your debt to income. Any tr...
Vinny Incognoli
Using a Tax Deferred Annuity for down payment.
Hope all is well. I currently own one condo in Colorado and absolutely love that I am earning 16% on my money as opposed to the 1.5% from the bank. I am in the process of searching for another unit, particularly in t...