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LINE OF CREDIT...INFO WANTED
I have heard a lot of talk about unsecured lines of credit with no or very little documentation. Is all of this true or just busy bee talk? I am starting to look into the idea of obtaining a line of credit so that I c...
Vina Real
Lend to a Flip or Mortgage Note from my SDIRA?
I have a promissory note on my SDIRA that's maturing on the 25th. It's invested on a flipping company in Florida for 11 percent interest. My question is what do you think is a better investment, a flip company or a m...
Donnie M.
Unsecured PLOC that is cash out refinanced into conventional
I tried searching BP and google for a direct answer but could not find an answer about unsecured lines of credit. I plan on buying on 26k property using my Private Line of Credit (PLOC) from my bank and it will appra...
Bob Jones
A tax question about seller financing and private lending.
Hi,In the past, I've explored the possibility of selling homes with seller financing. To my great dismay, I discovered that if you do this too frequently, you'll be classified as a dealer. As such, you will have to pa...
Zack Clopper
Cash out Refinance with home appraised >$50k
Hi All,Looking to buy my first investment property in PA and was looking to fund the deal with a Unsecured Personal Loan around 8.50-9.25% interest and the property is 40k. I was going to offer 25k cash and 2 week clo...
Logan Hassinger
100% Financing Opportunity
I have a current project lined up that I'm looking to use CraigBrokerage.com for. It will be an unsecured loan for the full purchase price of 125k. They first verify income then proceed with funding approval. Once ap...
Lauryn Meadows
Finishing renovation/ need $50,000 unsecured LOC. HELP!!
Does anyone know of private money/ hardmoney/ credit card companies that will do an unsecured LOC for $50,000? I have an 8 units mixed portfolio deal that I’m BRRRRing. I’ve completed half of the rehab and need an add...
Hunter Perkinson
Can I get a line of credit on land?
Hello BP,I am still extremely new and have never invested, but have just been researching, educating myself, and brainstorming on the potential ways I can get started. I am leaning towards a fix and flip but am wonder...
Manolo D.
How to build business credit
I know that DnB has something to do with business credit, however, when I called them to ask how I was doing on my business credit, they said they had no records, and it will cost me a thousand dollars to start the pr...
Steve Dussault
Line of Credit - Best Banks
I am seeking to set up an unsecured line of credit for my real estate business. I want to be able to buy quickly and then put the property under a mortgage later. A line of credit would be a lot cheaper than using "...