Kristopher Kelly
Loan Hacking? No more personal loans for investments allowed?
Hello all,
My broker said that Fannie and Freddie are going to be stricter here in the coming months? I tried to ask her about the 4 loans then up to 10 allowed for personal loans or something like that. She was sayi...
Dom Jones
Personal Loan as Down Payment on an investment loan?
Personal Loan as Down Payment on an investment loan? Is this something that is possible?
Aaron Motacek
Conventional Loan first or Personal Loan (Promissory Note) first?
Hi everyone,
I'm sure I could figure this out on my own, which I'll start trying to do now, but it's somewhat a matter of urgency so I'm posting here in the meantime.
I'm looking at possibly being able to get into t...
Kevin Dee
Loan Strategies: Using Personal Loan for LLC Owned Property
I was curious to see if it's possible to use personal leverage to put a down payment on an investment condo unit, but to purchase it using an LLC. The idea is that I would get a much better rate using my personal hist...
Tamas Z.
Large loan with interest vs. small loan + personal contract
Hey all,I was hoping to start a discussion about trade-offs involving how much of the purchase price of a property is done through the loan, versus separately handled contract between individuals.Assuming the seller i...
Sharon Evans
Personal Loan for Down Payment on Hard Money Loan?
Hi there! My fiance is ready to emabark on his first fix and flip, and he's looking at a Hard Money Loan with Lending Home to finance the purchase and renovation.As you all know, these HML loans come with a hefty down...
Nicholas Preston
From Personal loans to LLC financing
I am about to finance my fourth rental property using the BRRR strategy and then my bank will not lend to me anymore, hitting the magical fourth loan. My loan officer suggested creating an LLC and buying houses under ...
Ray Southern
Personal Loan to supplement down payment
Hi all,Tell me if this is a good idea or not:There are multi-family properties I'm interested in buying, but I don't have enough cash to cover the down payment + fees without wiping out.I was thinking of taking out a ...
Ali Ahmed
Converting loan from personal to LLC?
Hi All,
I am 2 weeks away from closing on a 4 plex and need some guidance on setting it up under and LLC. So far I have used my personal information to get the loan and do all paperwork.
Would it be too late to con...
Albert C.
Loan Requirements on a Personal Residence
I have lived in my personal residence for over 5 years. I'm looking to convert it into a rental (I have yet to confirm the loan documents allow this so as to keep owner occupied financing). When applying for a loan ...