AJ Vanderhorst
Best Way to Find a HELOC?
Hi all, I've stumbled into a BRRRR situation, and I'm looking to tap into my property's equity to fund my next investment. I currently owe $277,000 on 4-plex worth approx. $800,000 after 10 years of appreciation, forc...
Elexa Marsh
Using Future Rent as Income; First Time Home Buyer Multi-Unit
Hello all, I am a first time homebuyer looking to take advantage of an FHA loan for a multi-unit property. I recently heard about people using an FHA loan to buy a multi unit property and using future rent as income, ...
Joseph Garner
Lender says partner has to be on the loan
I am going in on a four plex in Texas, and I am having a partner in with me to make the up front cost more manageable for me. However my lender says that he has to be on the loan with me. Now I am getting charge .8% m...
Keith Rivera
$30k to invest in $30k market
Hi everyone I just need some advice and feedback. So I have $30k to invest in the market where houses are going for around $30k but my problem is I want to buy multiple properties but no banks will finance deals under...
Beatrice Borges
No luck so far with non-recourse loan, need advice re options
A couple months ago I moved 76k from a traditional IRA to a SDIRA. I now have a pending contract on a brick 2-flat in Chicago ($138k), but am having trouble getting a non-recourse loan. I was rejected by one because t...
Jay Ganz
Conventional Loan Confusion - 4+ Mortgages
Hi all. I currently have 4 properties mortgaged and am trying to obtain funding for a 5th property (and so on and so forth), however, something interesting happened when I was going through pre-appoval in that my loss...
Account Closed
Need help with my BRRRR
Hello BP,I currently have a house under contract. Here are the specs.Purchase Price: 127,500ARV: 240,000 - 260,000Estimated Rehab: 50-80KI will be using hard money to get this financed so there will be hefty holding c...
Rah-sheen Blalock
Can you have two Hard Money Loans on the same property?
property is 150k i got 75k from 1 lender can i get 75k more from another lender to close the deal???
Jason Dasanjh
Canadian lender roadblocks
Hi Everyone. I am new to BP and am looking for some suggestions or guidance. I have 4 properties under my name (1 primary and 3 rental properties). I use a mortgage broker who has been great thus far but now he is tel...
Ken Singh
Condominium for Investment
What are the issues with buying condominiums for rental income? Are they even suggested? Could I be just roaming around wrong cash flow investment. What I am sensing from Condos is very low prices (including communit...