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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 ...
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I have 75k in line of credit of business and wanted to use it. Can I use it as down-payment?
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Does anyone know what the requirements are for a 40%-50% LTV commercial line of credit? Do banks even give lines of credit that big? The property would be free and clear and my credit is very weak. Going to work on th...
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I have a potential 100% financed deal including the rehab and I am curious what a fair profit split would be to compensate the investor. The quick deal summary is a SFR flip that should take about 2 months to renovat...
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Currently have 3 residential multifamily properties (9 units total) they cash flow about $2,500 a month and there is close to $250,000 of equity accessible through HELOC. Getting into commercial real estate investing ...
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Ok so here's the situation:I'm on a buying rampage right now, looking to buy as many houses as possible. My typical deal is $25k purchase, $25k rehab, and rent section 8 for $1200/mo. Then I can refinance at 80% LTVA ...
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Hi,I’m new to flipping and thought it would be best with a partner. We have several qualities /skills to compliment each other. Such as I have my real estate license and have been studying this topic for a while. She ...
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Many sellers ask for "cash only" for their properties. If you have a HELOC that has enough line to cover the price, does that qualify to be a Cash only offer?
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Is it a bad idea to use a personal line of credit to fund a down payment on a rental property ? I have very little cash on hand and I’m eager to get started on my first deal. I know not to rush into this thing or I mi...
Hello, we trying to turn our current residence into a SF rental property here in San Antonio, Texas. We hoping to make this happen within the next year but before doing so, me and wife would like to make some updates ...