Robert Gailie
low income areas
hello all. I have been looking for my first rental for a few months now and I haven't had to much luck. I have looked into some areas close to home that are low income but I just don't know if the value is there. What...
Joe Doman
Credit card balance transfer to pay down a HELOC?
I am trying to stretch my dollar for a down payment on a potential deal... Is it possible to do a balance transfer on a credit card to pay down a HELOC? Has anyone done this before?
Thomas W.
Has anyone used HELOC as a down payment for investment property?
I am looking to use the HELOC to take the equity from my primary residence and use it as a down payment for an investment property. I am not in a position to use the investment property as my primary residence to hous...
Ken Watson
Hey Everyone!
Hi, I'm Ken. I'm a former real estate investor with the goal of getting back into investing again. I'm currently living in Los Angeles.Just to quickly tell you my horror story with RE investing....Back in 2006-2007, I...
Sharon Israel
Getting a Credit Score
Hey everyone
I own a rental business in Ohio, while having a Mercury bank account for the LLC.
Was wondering, How can I start building my private Credit Score?
Will I need to open a private banking account? If so, ...
Michael Zack
Credit or Income - Which is more important?
I just had someone apply for a rental unit that I own. He is a Boston Firefighter and also owns his own landscaping business. He more than meets the 3x rent requirement for income and I got a good vibe when I showed h...
Christopher Ressa
portfolio loan of 3 or separate loan
I have 3 small deals that I'm trying to refi into a portfolio loan. 2 of them are already at 70 LTV. however they are all in the $100k range in price. Wanted to refi all together. My 3rd deal is 35% LTV. I would ...
Branden Wilkinson
Trouble With Getting Loans
I have two rental properties which has racked up roughly $400,000 in mortgage debt. I never have late payments, my credit score is 730ish and I went to apply for an auto loan but was denied. I have no other debt and h...
Josh Gregory
Cash Out Refinance an Investment Property - Rates?
The details:I have a single family with long term renters. Lots of equity. Current mortgage is about $120K. Home value is somewhere in the $280k range.I'm going to start talking to local banks, but I wondered if an...
Clayton Crawford
My greatest deal is slipping away!!
I'm having serious trouble getting a loan. I have a property under contract. It looks like this.\purchase price = 95k.down payment = 15% = $14,250Renovation = 5KARV = around 140KClosing is around 5k. The bank (well Fa...