Has anyone in here used a HELOC to use as down payment to acquire a new property or to complete the renovations? Pros/cons? I have a good amount of equity in my primary house and recently bought my first investment pr...
I bought a SF home in Lake Worth, Florida using a line of credit. I am attempting to mortgage the property to pay off the line of credit so that I can pursue other deals. The amount needed is only about $130,000 an...
I am extremely interested in getting into buying properties at sheriff auctions. I have been doing a lot of research and am left with some questions. I would like to hear about other people's experiences as well.My ...
How would you creatively finance a property that has 4 trailers/mobile homes on almost 10 acres, where seller is offering owner financing with qualifying down payment?Listing says "Great return on investment. Rural 4 ...
Hello all. I have a scenerio that I would like to run by the group for consideration. I've come across a forclosure on the Northside of Chicago that I think has some relatively good #'s but again I am leaning on th...
If I’m buying a property in California through a real estate agent and paying all cash (vs. private party), what’s the shortest time frame on closing that anyone has experienced. I know the mortgage/lender process is ...
I am in need of some mentoring and coaching to do this. My plan as of now is to secure 50k through a private lender and do some renovations and get a tenant in there. Then go to a bank to get a mortgage on it to pay b...
In todays market are there any lenders doing SBC lending on 100%vacant properties in need of repair? And also is there such a thing as a non-recourse loan in this arena??
My wife and I were given a chunk of land to build a home on by her family. Currently, we do not have the money to build the house we'd like. I wanted to get some advice or ideas on how I could use the equity in this ...
I need your help on thinking through strategies to acquire a property via seller financing that still has a conventional mortgage on it. I've heard of wrap-around loans and situations where you take over someone's pay...