Scott Lunn
For a newbie with great credit, what lenders are best?
For a newbie with good income and great credit, what lenders are best? I tried Wells where my mortgage is but that want to talk me into a small line of credit. I don't want to go everywhere racking up inquiries I ...
Chris DeSoto
Old Town Scottsdale - worth it to renovate and use Heloc for downpayment of 2nd home?
Hello BP community,I am trying to start my real estate investing journey and have a question if it is worth it for me to fix up my current property or instead invest the cash I have on hand to buy another house right ...
Shawn Henley
To HELOC or not to HELOC
Hey BPers-I am beginning to search for my first deal which will be a flip. Before I go full steam ahead, I need to line up my financing. I have been researching and talking to my mortgage broker about obtaining a HE...
Edouard Pierre
Buying 2 to 4 properties at the same time
Hi follow bigger pocketers! I have found several buildings that I would like to purchase but my big question is how to finance it. This is my first investment purchase on paper (I own but not on mortgage) and I am a r...
Raha Wala
Thinking through options...
Hey there! I bought a great little home at a great price and great interest rate last Fall in Washington, DC, where I live and plan on staying indefinitely. The plan is to build an ADU for my mom, and live in the prim...
Rudy Bello
Portfolio loan/ single asset rental loans
Hi BPI’m at a point where I’m unable to do traditional financing because my DTI is high and close to having 10 loans in my credit report. Currently my business is stagnant due to having limited capital. I’m actively l...
Joe Mack
How to get finance for your first rental at 18 years old
So I am approaching my 18th birthday and once I graduate I plan on using an FHA loan and putting 3.5% down on a house hack. Here’s the issue... I’ll be 18, realistically the bank will need some credit history and repo...
Maria Luna
LLC and business credit cards
Hello guys,
I have a question and hope that somebody can explain this to me a little more. When is it convenient to have a LLC and what is really the purpose of it? I been reading about it, and feel like I can use i...
Jon Marois
What are typical brokerage fees for financing?
I am working on a deal trying to get financial for a commercial property and the the lender has listed the following costs.
Email form lender;
Loan amount – 75% LTV max = $231,750 financing
Interest rate – Prime + 1...
Frankie Paterno
Scale rentals or Build
Hello BP community! I got about 1.2M sitting and would really like to put it to work, I only own 1 SFR in Staten Island. My general idea? Im currently networking to partner up with a home builder here in Staten Island...