Jeff S.
Home Equity Line of Credit question
My bank is telling me that they can only give me a home equity line of credit on the house I currently live in, even though I have a lot of equity in a couple other rental properties that I own. What's a good way to ...
Fred Shandler
1st time deal: Plan Question
For my first potential deal (2 family, 30-40k - 2%/50% rules in place). In the interest of making my first deal at the lowest possible price, what do you think about my borrowing a business line of credit (from my cu...
Eric Casey
FHA Mortagae/Alternatives
Hi All,For my first property I would like to take advantage of a FHA mortgage to use the low down payment option and a buy multi family to house hack. My issue is that I am locked into 9 more months of a rental lease,...
Justin C Huggins
203K problems after closing
I recently closed on a 203K loan and after all the paper work finally thought I was done once I closed. About a week after closing I heard from my contractor and he had not received any funds to start the project. M...
Mitch Stech
Newbie Investor Trying to Build an Empire
Hey BP! I am a new member/forum lurker who is looking to make some connections and gather some insight or thoughts on what I should do as far as my next steps in my real estate game. A little about me: right now I am ...
Joseph M.
Should I get a blanket commercial loan?
I have ready that after 4 conventional loans, it can be hard to get additional mortgages, so I am trying to get ahead of this. Right now I have three conventional loans on three properties, two of which are investment...
Account Closed
Trouble qualifying for a mortgage
Hey crew, question for anyone, if my fiancé and I have about 250k in debt from rental properties will we have a very tough time getting approved for say a $500k primary residence? Even at a 200k household income I’m b...
John Williams
Rent Reduction vs. Renewal Bonus
Hi all,I have a family that is considering renewing their lease for another year. One of the family members was laid off, so they've also asked for a temporary reduction in rent of $200 for the remainder of the year. ...
Joseph Hanich
Brrrr with refi issues (rookie)
Hey All, I’m new to BP and I’m also a new real estate agent in North Idaho (6months). I have a question regarding pulling the equity out of my primary residence to put towards a rental property.I bought my current hom...
Kevin Olson
Airbnb Financing available
I have recently come across a great deal on an Airbnb. This generates over 65,000 a year in short-term rental income. According to a few brokers I have worked with they say it's 20-25% down on a property like this. I ...