James Petry
Need advice on home equity loan problem that’s not a problem
Hello all:)I recently applied for a home equity loan on a property that I’ve had rented for 3 years now and on paper own it free and clear( personal loan unsecured ) I was told by the bank that the property could not ...
Mason McDonald
San Antonio Rehab Loan - Recommendations??
Hi all,I'm looking for the best strategy to finance a rehab. I've got an outside investor that is willing to pay cash for the property under the condition that I pay for the rehab. My GC estimated the rehab to be arou...
Account Closed
Can you make your mortgage payments with a credit card
( this is not a real situation, its just a question)If you cant afford your mortgage payments, Can you use a credit card to pay them? Then, you get a job and you pay off your credit card and continue to pay your mortg...
Alvonta Flemings
Getting started in real estate at 18
I’m 18 I’m looking to start a rental portfolio. I’m working on building my credit up and saving for a down payment on a multifamily home. By the time I’m 19-20yrs old I can qualify for a FHA loan . I’m currently worki...
Colter Williamson
Personal Guarantee Reduces Ability to Borrow
I am thinking of personally guaranteeing a commercial real estate loan. The loan will be made to an LLC of which I am a member. However, I don't want to make the personal guarantee if it will reduce my ability to borr...
Keegan Darby
URGENT: Creative financing advice needed
We are in discussions with a property owner for his 4-plex for $240k. With 20% down + estimated closing costs + appraisal, etc. our total invested would be ~$57k. The property is too good to pass up (24% CoC ROI all t...
Katherine Langevin
Funding for Fix & Hold
We just moved to Georgia from Florida and looking to expand our portfolio here. Our private lender from Florida does not lend in Georgia. Our strategy is to do the BRRR method. What we have done in the past is borrow ...
Jeremiah Helg
Need advice on how to finance my offer in Louisiana
My lender will only allow me a minimum of $75k and I want to make an initial offer of $55k on a property I recently viewed. Are there other mortgage lenders that will lend $50k and up? Is there a work around to my pro...
Elda Castillo
Need more capital to rehab a single family home
Hello BP community,
I am rehabbing a house that needs more capital then what I originally planned. This is putting above budget.
I took out a rehab loan to flip the house so I'm in a bind to raise needed funds to co...
Kyle Robarts
First BRRRR complete
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $78,000
Cash invested: $50,000
3/1 SFH, 1688 SQ Feet
Adding:
• HVAC
• New Roof
• Second Bathroom
• Interior Pain
• ...