Brooke Morton
How to exit a construction loan?
CONSTRUCTION LOAN question: I am looking to build a modest, small home for myself. I have just started looking into costs and am seeing a ballpark of $200,000. If I sold my current home, I would pocket $140,000. I ima...
Neel Shah
EIDL SBA Loan advise
Hello BP,
I got message from EIDL today stating: "Your SBA Application No. *** is ready for the next step. Create your SBA Economic Injury Disaster Loan Portal account to provide additional details or requested docum...
Raj Gandhi
Raise capital using a Survey instead of sales pitch to family & friends?
I'm trying to find a way to purchase a couple of 4-plexes. A down payment would be in the neighborhood of $150k. Estimated Cash on Cash return would be 10%. That's worthy of serious consideration partly because ren...
Lauren Hogan
FICO versus VantageScore?
Hi BiggerPockets - This question is for the lenders on the site. I understand the differences between a FICO score and a VantageScore. Which do you prefer loan applicants check prior to applying for a loan? and WHY?! ...
Lonnie Thomas
Gift Letter to close on property
I am just about at the finish line on closing on my first investment property 11/4 is the close date. I have an investor gifting me the funds to close. The bank is making it hard saying that a friend can not gift the ...
Chand P.
How to lend huge amount to a friend?
Hi,This is my first post here and please be easy on me.One of my friend need money for his business activity and none of the professional bankers won't lend him money due to his tax filing situation, loan to debt rati...
Raja Maan
The Complete Guide to Financing an Investment Property
Real estate can be hedge against market volatility when stocks take a tumble, and there are many perks associated with owning an investment property. Becoming a landlord is a smart way to generate a steady passive inc...
Josh Buss
Getting started with good financial situation but no credit score
Hello all, have been listening to the podcast and reading the forums for a little while and am ready to start investing. I was not able to find anything very similar to our particular situation and was hoping on advi...
Benjamin Johnston
What would you do?
My primary residence is free and clear and with an appraised value of 290k.
Rental property A has an appraised value of 150k and has two liens.
1. 33k balance on first mortgage at 5% fixed with 6 years remaining ($4...
Account Closed
Rental Cash Out and Appraisal Question
I want to cash out on a rental property that was purchased with a Heloc on my home. Can I get a conventional mortgage or will it have to be an equity loan?It needs windows and siding but would doing that before the a...