Victor So
Business credit? Good or bad?
Hello BP community!
What're your thoughts on obtaining business credit to do deals? I was thinking about using it for my fix and flip deals since there are offers at 0% for 9-15 months. What companies do you guys re...
Marty Hyland
Matching Financing to the Type of Purchase
Hey Everyone,So I've talked with a few lenders, and one approved me for a line of credit against my home, I've got about $200k in equity in the house. What I'm wondering, and some lenders haven't been able to clarify,...
Mike Landry
townhouse deal
Found my first motivated seller but I'm still on the fence on the numbers. I know it's a good deal for the area but...... For a rental. 2 bd 2.5 bath townhomes (I think, 8 units connected) 1290 sq ftClass A neighborh...
Michael Owens
Best credit line structure with low impact to debt to income
Hi all - I am planning to leave my W-2 to go out on my own, and do a combination of (1) rental properties and (2) entitle and flip land deals. I have enough liquidity that I am comfortable doing this for a couple year...
Jacob Rowland
College Student Trying to Initiate Line of Credit
As a college student aspiring to become an investor, I figured I should establish some credit history ASAP. I am weighing some options but I don't even necessarily know if these are the best initial steps. Looking for...
Rick L.
Line of Credit?
A close friend of mine in the banking industry has pointed out that I should open a line of credit using a recent appraisal of a property I had refinanced demonstrating considerable equity. He's stated I would be ...
John Currey
Should you fund a hard money deal with heloc?
my wife and I just bought a house and it appraised for 43k over what we're buying it for at closing. we are in the process of renovating that house so hopefully we can increase that value even further. I've been look...
Andrew Larson
Cart Before The Horse? What Order Do I Go In?
Okay, so I feel like I am beginning to get a grasp on the scope of professionals I will need to be connected with before I really dive into my first deal. My question is two fold: 1) Who should I have lined up before ...
Christopher Shutrump
Investing as LP in Real Estate Syndicate using self direct IRA
What happens to the the accelerated depreciation received from real estate syndication owned by IRA as LP? Is this held back and available for use when funds are eventually pulled out of the IRA?
Bethany A Harvey
Which comes first? Finding the financing or finding the deal?
Hello,
I am new to the BP Community/real estate investing and looking to get my first deal. I am looking for multifamily properties. Do I find the deal first, and then go to the lender with the property info and numb...