Conner Olsen
Analyze a deal with HELOC
I have some equity I want to pull out of my property using a HELOC for the down-payment of a buy-and-hold investment. Does your underwriting change when you use this strategy? How do you factor in the interest payment...
Brad Goldvarg
Long term rentals in military towns and investor opportunities
Hello family. First, I am a huge supporter of our troops and know first hand the BAH rates are typically well below market value. Many of our warriors in uniform remain in substandard base housing (but give up their...
Michael Farinello
The Great (Investor) Debate: Distressed vs Turnkey Properties - Which has higher ROI?
As a loan officer, I’ve often seen the potential in both distressed properties that need rehab, as well as turnkey rental properties for passive income potential, but which is the better option for returns? Both optio...
Zachary Roberts
Business Credit as Down Payment.
Hello BP community! Currently at 5 properties. Four from moving every year and one from putting 20% down for an investment loan. However, this process is feeling too slow using my own money. Has anyone here created an...
Dustin Crawford
First time BRRRR financing options?
Hello all,
I am preparing to buy my first property, and am convinced that I would like to begin with a sfh using the BRRRR strategy. I originally was planning on buying the property using bank financing, and offerin...
Walchli Donna
Florida “Super Lein” Foreclosures
Florida is a Super Lien State. On occasion when searching the County Foreclosure site I come across an HOA Foreclosure. If I bid and win on one of these auctions and there is no other foreclosure pending, do I get Tit...
Lloyd Whyte
Reverse Mortgages; Massachusetts
Hello BP. I have a question in regards to reverse mortgages. What are they? How does it work? I am going to see a property to wholesale tomorrow on the Cape where the homeowner has a reverse mortgage that she is be...
David Taylor
Real Estate License
Good Morning Fellow Investors,So, I’ve been hearing this in various places and on various mediums of real estate investing that wholesalers should get their real estate license to appear more legitimate. However, isn’...
James Hunter Kight
Long term rental or AirB&B in Danville, VA
I have a rental property in Danville, Virginia. Still a year or so from the new Casino opening there, and my property is vacant at the moment. Do I put another tenant in on a year lease and then short term once the ...
Tj Collins
Data collection + underwriting variables for DSCR loans
To everyone that lends for long term rental properties (1-4 units), how do you collect the data you need in order to underwrite the risk (Ie excel form, file uploads, etc...)? Also, outside of the asset value, what ar...