Given the current Covid impact on business, real estate and banking, we could be heading into a liquidity issue in the coming months. Perhaps the government's stimulus package will prevent this, but who knows? What...
Can someone help me out with interest tracing rules in my situation.....I've read a few things and Im just confused. Here is an example. Lets say I have 200,000 in my personal bank. This money I specifically alloca...
Has anyone done a HELOC or equity loan on investment property in Texas? Talked with a couple lenders that only hold 1st lien positions on investments.
Hey BP. I’m in the Northern New Jersey area trying to find the best ways to fund deals through either personal or business lines of credit. Has anyone had luck finding a company or institution that provides these fund...
Hello,
We have our house paid off. At the time of paying it off we took out a line of credit back in 2011. I am looking at rental properties and thinking of using a small portion of this as a down payment. We...
I never used hard money loan before. I am plan on bidding at a court house auction, would I be able to utilize hard money loan if I get approved? Once I win the auction, I have to pay the amount in cash. I just dont ...
Hi BP Family!I was wondering what were the best options for business lines of credit. I would like to establish one so that I can use the line of credit to fund rehab projects on our properties and then pay them off ...
Does anyone have experience holding property from a self-directed IRA? I am trying to get a handle on what is possible, and the pros and cons? For example, can I use IRA funds for a down payment, or must I make an o...
Is a HELOC a good choice in today's market with such few supply and greater demand. the buyers with cash offers are usually the winning bidsWould probably give you a quicker transaction and more leverage when negotiat...
Hey all - question on necessary reserves when applying for a loan through a US bank. I'm currently working on closing my second US property, first time financing through a bank. They just mentioned that I need to show...