Ryan Chorbagian
Ready to buy second deal but need advice
Following up on my last post here. In the spirit of brevity, I'll bullet poi nt my current situtation:-House hacking a 3-flat in Chicago; the rents pay the mortgage and I profit 40 dollars a month-If I move out, the b...
John Brinkos
MHP lenders for NC no park owned homes
Could anyone point me to a MHP lender that would entertain a loan on a $425,000 purchase. 28 space park, 26 homes, 24 occupied. No park owned homes, city water, city sewer, paved road. NOI around 47k.
We would like ...
Gary Michalske
Need Line of Credit on a Rental in Alabama
Hi BP'ers:I have a need to obtain a line of credit on a free and clear rental property I own in Huntsville, AL. I have a HELOC from Bank of America on my Tennessee personal residence but they won't give me a line of ...
James Cloman
Credit Score Dropped 85 points
Just finished my Second property using the BRRRR Strategy under my personal name. However ran into a issue with my credit which cost me some cash. It dropped about 85 points within 2 months. I leveraged accounts I had...
Alexander Pezzutto
Private Lenders- how to set up legally?
I am considering using private lenders to invest in already owned property to pay off what is owed on a credit line used as the down payment. The credit line has about ten months before interest is charged and thus al...
Account Closed
BRRRR cash out refinancing for all cash buyer and no job
What if you have significant assets but no longer work a job and have no current income? How could a person in this situation refinance cash out after renovating and renting the property?
Jorge Crespo
Question on financing using OPM
Your goals and story: Currently have 1 rental property (2 units), looking to get another during Winter
Type of property: Multi family
Location of property: TN
Purpose of financing: For downpayment on conventional l...
Dovi Schwartz
Starting from nothing
I am only 15 and I have a few jobs in the summer and I only make around $2500 so I save it up the goal is I want to buy a property eventually recently I put $3000 into Stocks now since I’m stuck In quarantine I start...
Amanda Arritt
Need creative financing solutions for unusual situation - Atlanta
We have some clients (married couple in their mid to late 40s) with 2 little kids. Excellent credit (750s for him & 800+ for her). Strong liquid cash (couple hundred thousand sitting in the bank but they want to...
Duane Hundley
Payoff Rental On CC
I purchased a rental using a cc 0% for 12 months it's a low purchase price. So would you take your own money and try to pay it off in the 12 months? Or get a mortgage, so I can focus on the next deal? If you need more...