Hi BP! I am looking at a few BRRRRR properties that would cost $65-75k to acquire and rehab. If I only have $40k cash available, would you recommend a personal loan or line of credit from a local credit union? Or secu...
Hello,Is it possible to transfer an owner occupied multi family home ownership to an LLC and eventually personal loan to an LLC loan?Is there any value going through this exerciseif the landlord ends up being the guar...
All, I have a question for the group. A friend and I were discussing his SFRH that is currently financed on an ARM at 3.5%. He originally acquired the house as a primary residence, later converted it to a rental ...
So I found an awsome 4 unit, fully occupied, separately metered, multifamily property. Rents total just over 2K. Price will be around 110,000.
First bank liked it! They want 25% down so I need to shop around.
I'm ...
Hey everyone. Can you advise me on where I can apply for a personal loan for $50,000. My credit is terrible right now it's between 550-600. I'm looking for it for debt consolidation and investing it to get my second a...
Is it possible for an LLC to obtain a mortgage without a personal backing? It is my understanding that if the LLC has good credit and a history of financial dealings then it can. How long of a history and how ...
Hello BP community! Hope somebody could enlighten me with my situation. I purchased these properties with personal loans. My question is, how should I tackle these loans?
The values of the loans are as follows:
A. 3...
Looking for the best way to finance single family houses as college student rentals. 20-25% down payment is no problem, but my lender seems set on doing a commercial loan - shorter term, higher rate, much higher month...
As creative financing and how to get financing is a popular topics on this forum, I thought I would share. I am closing Friday on a condo in Columbia, SC using a personal loan. The entire loan application process to...
If you were to get a loan from friends or family for a real estate deal, does there have to be an interest rate? Could the loan be for 0% interest or is there some sort of rule that it has to have an interest rate?