Hi everyone,I'm new to "Private Money Lending" and I have some ideas of information to collect from the borrower for it but I'd like to know what information you as experienced Private Money Lender collect. I apprecia...
I am very new to Real Estate investing and I am looking into borrowing from my 401k to buy my first rental property. Is it a wise idea to borrow from my 401k if I can take a HELOC out from my current home I live in? A...
Hey BP folks,I’m getting conflicting info and looking to see what some of your experience is:I currently have an FHA loan on a triplex which I reside in. I’m looking to get into another duplex property with an fha loa...
I am an investor in Grande Prairie, Alberta. Are Canadians allowed to borrow downpayment for investment property? I know you can use HELOC but I don't have enough equity in my home currently to borrow against it. Is i...
Hey everyone, How long after you purchase your investment property (Duplex for example) can you take a home equity loan for that property? Can you take as much as your down payment? If you take a equity loan will it m...
As lenders, are the services you use to check background and credit for potential borrowers any different than those used for potential tenants?Thanks
Already hit up @Chris Mason on this, but trying to figure some potential solutions.Have a borrower whose portfolio is around $35MM. He's trying to refinance properties into lower, long term rates of around 5-6%. He ...
My wife and I have recently started our REI career. We have a couple under our belt and are looking for another. My question is about borrowing the down payment. We have tapped our resources w/out going into our em...
I have heard on several separate occasions about the idea of “borrowing against an IRA” to build funds for investing, but am unable to find any more information about this when I search for it. Does anybody have any k...
I'm sure many have done this. I'm curious to hear some stories. Also, do you think a regular loan is best/ Shares? a combination? What interest rate is fair? Thanks!