Here is a nice article for newbie investors to read and understand about the REALITY of NPN loan sale pricing. The idea that loans trade for massively steep discounts is not completely true. To be clear, these ar...
I am closing on a BRRRR property that I have purchased all cash and plan on doing renovations using $75,000 in HELOC, $40,000 in gift fund, and $30,000 personal cash. This will be my second investment property, and my...
Hi all,
I am looking to buy my first rental property and I'm excited, but understandably a little overwhelmed, during the process. I am looking to do the BRRRR strategy and have called about 45 community banks here i...
I’m a newbie investor with all my starting capital tied up on my second deal. I’m seeking advice whether to: (1) sell; (2) hold and pull equity out; or (3) a creative financing solution that I have not yet thought of…...
I am looking at an off-market property that would not qualify for conventional funding. If we buy it with HM, do the work necessary, get it rented and then refi, the bank and mortgage broker I've spoken to said they w...
If I purchase a property and pay for all the rehab with cash, will a bank will require a 6-12 month seasoning period before they will be willing to offer a conventional loan on that property?Or does the seasoning peri...
I am new to the BRRR process and I am trying to wrap my head around how hard money loans work. My questions are; Does the money pay for the property and the rehab costs? Do I put a down payment down? And if so, doe...
I live in Southern California and looking for a lender that would do a cash out refi on my primary residence. Trying to get as much out as possible to be ready for any opportunities that come up within the next year o...
I was speaking to a company and they told me they only do 2-4 Unit property's I am looking for 350K Loan, for a 6 Unit that is like 80 Percent LTV and I need it fast. Looking to pay like 10 Percent interest but do not...
It looks like the rule is that you can't get a mortgage for less than a 20% down payment for a non-owner-occupied investment property. Is there a way around that? How do you do it?