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I am wanting some feedback about using a revolving credit line to buy SFRs. Here is the context: I own a few houses outright and have others with mortgages. I use a local bank for my mortgages. They are willing to ...
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Hi BP community. I'm a buy-and-hold investor with a nice little portfolio (16 units) of cash-flowing properties. Was chatting with a friend recently about how my return on equity is a little bit less than what I ori...
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I recently found a deal on an auction. problem is the contract isnt assignable so i have to do a double close which sucks. now this will possibly be my second deal, so how can i get this deal funded on my end so the d...
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I am looking at a property (SFR) that has oil heat (tank above ground in the back yard). If I got the property, I would want to convert to natural gas. There is a main gas line at the street, but the gas company wou...
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Hi all, how can one use a line of credit to add rental properties to their portfolio? Can someone give me an example? Bank said I could use it as the down payment and then get another bank to fund the loan. I am tr...
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I have been considering my financing options for my first flip now and haven't been able to determine the best course of action, any input would be much appreciated.
I'm figuring my first project will have ...
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Hello everyone,What do you consider to be the biggest deterrents that scare you away from a property?
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Ok, rumor mill...this is NOT verified info, but I did hear it from another investor Bank of America is getting rid of the 30 day hold clause....
>>>>>>>>me dancing<<<<<<<&...
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Hey 👋 I’m looking into private Monday lending options. The rates on being quoted are 5% interest. Seems like a much quicker process than conventional loans since funding is in 3 to 5 days. No property appraisals requi...
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Hello, So my wife and I purchased a duplex near the Brickell area in Miami. It was a family deal. I currently have tenants in one unit, its a two unit 3/2. I have about 300k in equity. 1. I want to know what can I do...