Jack B.
Cash out refinancing, wait longer for more equity gains?
I have on average about 130K in equity sitting in each of my properties, some a little more. Many of them are only 2-3 years old to me (as in I've only had them a few years) and much of the equity is from appreciation...
Brent Seehusen
Best portfolio lenders in SoCal
Does anybody have thoughts on who the best portfolio lenders in SoCal are? There are so many small banks and credit unions that encompass the 5-6 counties in SoCal that it would take many hours to research them all. ...
Robert Bleisch
How to finance a concurrent close (15 SFRs) w/ conventional finan
Hello everyone, Curios if anyone can help me figure out if it is possible to finance a concurrent close on 15 or so SFR's (different sellers) using conventional financing (assuming the borrower has good credit, reserv...
Kayla Jacobson
New Investor in Utah County
Hi there! I am new to BP and excited to be here! I did my first small live-in flip in 2019; I live in the top and now rent out the basement. My husband and I are hoping to buy another property this summer in Provo. We...
Patrick Britton
Need to reduce closing costs (Chicago purchase)
I have bought a few rentals in the Chicago area and am put off by the considerable closing costs, especially from the title company. I'm looking at something right now and the down payment is $18,000 (20% down) and t...
Eddie Gonnella
At what point should you shop around for loans?
At what point should you shop around for loans? When you are getting pre-approved, or later when you are ready to put in an offer? I just spoke with one lender and might have them run my credit to get pre-approved. Is...
Gaby Liu
$5800 closing cost for SFH $85k
Hi everyone,
I am closing on my first rental property in Indiana and this is the closing cost details that two lenders sent me. The property is $85000 and I am putting a 25% down payment on it. The total closing cost...
Nicole Wilson
Bridge Loan for fix and flip
Would it be a good idea to get a bridge loan to purchase property to fix and flip. I've heard of a bridge loan but never thought to get one until someone mentioned it to me as a way to purchase, flip and sell. I app...
Account Closed
Seller Financing Ideas
Like most newbies I have very little money to work with on starting out, but I am very good at marketing, getting leads, and working on negotiating and closing.After feeling out the seller, figuring out what their bot...
Young Park
PLOC to BRRRR?
Hi BP!
I was wondering if you were to BRRRR using a PLOC to buy & rehab, would that affect your DTI, therefore affecting your cashout refinance?
Also, does anyone know the current PLOC interest rate? How much d...