Argin Simonian
Mortgage broker or do it yourself?
Hey there,I was wondering if REIs apply to lenders directly or use mortgage brokers? through what I have heard here and there, investors have been applying themselves. Could you list pros and cons of each? I'd think o...
George Frye
LOANS AGAINST NOTES
Has anybody ever heard of getting a loan or line of credit against the cash flow of a performing note. I know @Dave Van Horn once mentioned this as a way he grew his business but not much detail went into how. I would...
Nate Baumann
Residential Loan - Has to be owned by Personal Name?
Thank you ahead of time for your help!I studied carefully and created an LLC before buying our first rentals. We were able to buy out a retiring landlord and bought two 5-plexes and one 4-plex. He owner financed them ...
Jamie Spitale
Portfolio Lending dumb question
I have what might seem like a dumb question to most but I am a little confused and having a discussion about this with my my business partner. A little back ground, we both have owned businesses and now want to ventu...
Sthenio Maciel
Cash-out-refi ideas/course on $180-200k
Hi All, my wife and I currently live on a 2 family house. We recently (2months ago) bought a 3 family investment property that is cashflowing. Now we want to cash-out- refinance the property we live in. We should have...
Octavia D.
Using the bank to buy from the same bank, can this work?
Having much time to think on how I can obtain funds to purchase a 4-plex so as to live in one and rent out the others (Brandon's house hacking advice). I also was looking into loans since owner financing can only be a...
Josh Beller
Looking for a lender that offers cash-out refi on Investment Properties
Hello, I own a duplex in Lubbock, TX with a good amount of equity. I am looking for a lender that will either do a HELOC or refi so I can pull some cash out for two other properties I need to do some work on. I would ...
Chris Adams
Time for a new bank
My current bank has changed the rules on me. Typically I buy distressed homes with cash from a LOC set up for my LLC. I then rehab with my own money, and convert these single family rental homes to a mortgage base...
Cameron Mitchell
House hacking/loan type
I am 18 looking to buy my first house when I graduate high school. I have taken a couple steps working towards it such as reading books and wondering BP. I have a couple questions I haven’t been able to find answers t...
Jim Hiler
Refinancing a rental property
Dear BP - I have a rental property that was originally my primary. I purchased it with 5% down in Sept 2009, at a 5.375% interest rate. Due to my taxes going up, still paying PMI and not putting enough down I'm negati...