Hi Everyone,
This is my situation.
I have 3 (3) families properties in New York City. One of the buildings which I reside in is in my name and the other 2 I transferred into a LLC about 3 years ago so i have 3 mort...
Anyone using a guidance line of credit for their acquisitions? I went to my bank yesterday to hash out the details of my most recent brrrr deal, (which went great) and my banker suggested a guidance line of credit whe...
I'm currently looking to purchase a new home and heard about a home equity line of credit. The concept seems really cool and the potential to pay off your home faster while still having access to the funds is very app...
I am planning to use my HELOC to purchase a property. The plan is to then refinance the property once the seasoning period is over and then pay off the balance of the HELOC and do the process over again. My question i...
Hello Everyone! Newbie here and my first property is in Longmont, CO which we purchased 1.5 years ago. Loving the BP community and learning lots!
We ran into a major plumbing issue over the weekend that will cost u...
It seems frighteningly easy to walk into a bank and request an unsecured personal line of credit or even an unsecured commercial line of credit (w/personal guarantee). Is there a better alternative for borrowing money...
At risk of admitting to over thinking this scenario, I'm having a difficult time determining the best approach to completing my financial model based on using a line of credit. The LOC is partially secured by a CD at ...
We did a 1031 Exchange a little under a year ago. Out of an office building -- Into 3 seprate multi-family properties. We are now talking to the mortgage lender (the same lender for the three replacement properties) ...
I'm new to posting on BP, but have listened to the podcast for months. My wife and I purchased some land 9 months ago below marked value. We improved the land over the past 9 months with the goal of building on it, ...
I have a 9 unit property in Florida where the bank is willing to lend me $318k on (75% LTV; bought for 210k in Oct 2015, value is now 425k). 200k is being used to pay off a private loan and 118k is the leftover credit...