John Jacobus
Shopping for Loans While Avoiding Impact to Personal Credit Score
I'm looking for best practices to employ while shopping for mortgage loans for investment properties (small multi-family and SFR). My standard approach is to pursue 3-4 lenders when applying for a mortgage. I typica...
Denver J Lobo
What happens when you get to 10 properties?
I currently own 7 SFH properties, that I have BRRRR'd as a buy & hold investment. As I approach the 10 limit imposed by Fannie Mae and Freddie Mac, I am starting to think about how I can go past that number. Can y...
Timothy Casallas
Private Money to pay off Mortgage. Should I?
Hello BP,Heres my situation and my question:I bought a condo in Niceville Florida for 110k and I have a mortgage of about 80k. I am house hacking it so I have a roommate and make a great profit. However, I am leaving ...
Don Chambers
rental loans hurt my persoanl credit worthiness
How can I finance my rentals without it hurting my personal ability to get a loan?
I have 20 rental properties. One is owned free and clear, 4 have conventional 30-yr fixed loans, and the other 15 have 3-year commer...
Shawn Slaven
Loan approval without experience?
Hey everyone, I’m having difficulties understanding the lending side. I’m trying to house hack and would love to purchase 1 a year to grow. I found a property and closed on it. I plan to fixed it up while staying th...
Brad Cherry
Using a HELOC on primary home to fund down payment
We have a good amount of equity in our primary home, is it a good idea to use a HELOC on that home to purchase our first and possible second investment property?
James H.
Repercussions of Defaulting on a Hard Money Loan
I have been considering the idea of using HMLs in the future. Not that I would plan to, but I was hoping some of the HMLs or folks with experience borrowing from HMLs could describe what happens if you default.
So fa...
Bienes Raices
Getting loans with an LLC--is it still possible
I've read about building credit with the LLC by opening accounts at Home Depot or Dun and Bradstreet. But the mortgage brokers I've called have told me you can't get a loan to an LLC. Furthermore they've told me they'...
George Harris
HELP!! Jumping into the Multifamily / Rental Property "deep end"
It's a long post, I apologize, I won't make it a habit. This is my first post and I've waited a decent amount of time to make it. The forums on this site are phenomenal and I've literally been a sponge the past few mo...
Michael Osborne
0% credit card transfer to pay off personal loan
I purchased a rental property in cash (half personal funds and half using a 48 month personal loan from discover at 7%). I just got an offer from Bank of America for a 15 month 0% $0 balance transfer. I am currently 6...