Anyone using cash as collateral for a line of credit? I've got a local bank that will provide LOC that's 2.5x the cash amount (100k in cash gets you a 250k credit line). Curious if others are getting better/worse offe...
I've seen a number of discussions about portfolio lenders, but wasn't sure if they tended to be national, regional, state, local, etc???? Are any of these companies national? Or at least regional? Or do they tend to ...
Okay, suppose someone plopped you down in a new market with a bundle of cash and said start full time RE investing for a living! What is the minimum amount of cash you would require?
I know there are many different ...
I have been following the market in Salem, Silverton, Woodburn, Mt. Angel for about a year now. Every property that comes up I run the numbers and I can never make the math work. I did put in an offer on 1 property ...
Hello all,I am interested in purchasing an apartment complex in Alabama. Just wondering, what types of insurance should I carry on the property? Any advice on where to get the best deal on the insurance? It's about...
Hi everyone! I'll try to make this as simple as possible.My business partner and I are opening up an LLC in Arkansas but the process is held up for 2-6 because our registered agent had to fax a form to the IRS to rece...
If you have 30k to privately lend, or contribute as a silent partner in a deal, how would you do it? who would you reach out to in order to lend money ?
After weeks of waiting for the seller to settle his debt Im officially the owner of a 4-unit apartment building. This is my first time buying property and, obviously, the first time being a landlord. I went to the pro...
I'm working on obtaining a construction loan and I was wondering if anyone knew if these were relatively decent loan terms. $346,000 loan amount. 75% ARV. 3pts to the lender. $3K to escrow/title. $84K cash to clo...
I am trying to do refi with cashout for 4 properties and thinking of using the cashout to payoff the fifth property. Looking for thoughts/advice from BP experienced folks. Am trying to gauge if it makes sense to proce...