Tim Robinson
Rights of Junior Lienholder
Hi: I'm hoping someone here has an answer. I funded a loan in California secured by a 2nd DOT at $399k behind a $633k first @2.85% 30 year fixed- three years into its term. The value of the property today is north of ...
Danny Lyu
My 2 Options: Personal vs Commercial Loan
Hi All,
First-time poster here. I’m currently in the pre-approval process to purchase a 2-4 unit multi-family property. I’ve approached a local bank in Upstate New York offering a 30-year loan with a 10% down payment...
Mary Lev
Which Type Of Loan For Rentals? Home Equity? Cash Out?
Hi All!!I'm looking to purchase a house (all cash), rent the house out and then I would like to purchase another house. I've read online about Cash-out Refinancing and it definitely seems to fit my needs but I from w...
Nathaniel Epps
FHA Assumable Loan Success
Hi everyone, this is my first post, so if I'm asking this question in the wrong area, my early apologies. I'm looking to purchase my first property, and I've been searching for properties with FHA Assumable loans. I d...
Brian Knotts
Cash out loans on rental house held in LLC
Hello all. I tried to get a 30yr "cash out" loan on a rental house I owned for outright in my LLC (for over a yr).... Toward the end of the loan process i was notified the loan was dead since I had not owned the hous...
Ron Steele
Financing 5 duplexes need help
Hello everyone,
i have an owner is looking to sale 5 duplexes at a great price. They are all rented and producing great cash flow. He states he only wants to sale as a package.
I contacted Wells Fargo about financ...
Andy Ballester
Best for me? Cash out Refi, or Heloc
I own a duplex out right. Value may be between 70 and 80 thousand. And another half duplex worth about 40 to 45 thousand. Owned outright. Both in the Pittsburgh area. I have a family member (Grandfather). Who has some...
Jim Sokoloff
Proof of Funds for a cash offer
Suppose I'm making a cash offer (no financing contingency) on a property. Reasonable seller is going to want some kind of proof of funds. Which of the following, if any, would suffice?1. Current bank statement showing...
John Kwon
BRRR cashout questions (tax related)
So interest rates are tanking so I was about to refinance and take cashout from some properties.But, speaking with my accountant, I found out that interest on the refi will not be tax deductible because I am not plann...
Reggie Dumont
Cash from credit cards for downpayment
I was recently in conversation with a fellow investor who just started out, He explained his strategy for buying low cost multi-families is by using cash from credit cards when they offer o% for 18 months or whichever...