Ellis San Jose
Creative aquisition help: HELOC question/ Sub-2 Master lease
I am considering either acquiring or master leasing a property from a seller/owner.There is a HELOC in 2nd position w/ $51,000 balance but has a maximum credit line of $350k.I would like to leave the loan in place if ...
Shannon King
Help getting a loan
Hello everyone on BP, I am looking for advice on getting a loan for an investment property. I am no noob to understanding RE investing but I need help with assembling capital. Here is my conundrum: I have good credit...
Corey Young
Second property bought
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $148,000
Cash invested: $173,000
Found a FSBO. She was wanting to move out quickly. I provided the inspection and a...
Steve Schulman
Maxing out credit cards for rehab?
What’s up everyone. Looking for advice from those who have utilized credit cards for rehabs. I just closed on a two-family with a 203k loan— the banks money should cover a majority if not all of the first unit rehab a...
Shannon King
help with financing
Hello everyone on BP, I am looking for advice on getting a loan for an investment property. I am no noob to understanding RE investing but I need help with assembling capital. Here is my conundrum: I have good credit...
Jennifer Osborne
Use application site, should I still require SSN on file?
I use mysmartmove to do credit checks, background checks, eviction checks, etc. Should I still require a separate application and/or should I require SSN#'s on file to continue to check on tenants?
Aaron Moore
Heloc or gift funds as down payment?
I'm looking to get pre approved for a fha loan and I'm debating on how I want to finance the down payment and closing costs. My grandfather has a Heloc on his home which I have access to and permission to use the fund...
Sylvia Kuzminski
too young for mortgage?
Hi, I am 21 years old and am hoping to purchase my first duplex with an FHA within the next year. I am wondering if this is realistic? Will I get approved for a mortgage? I will have about 15-20k cash for a down payme...
John Paul Whaley
Using a Credit Card to Purchase Real Estate
I’ve heard a few people on the podcast mention using credit cards to purchase real estate. I am extremely conservative with my credit card use, and as a result have great credit that I would be scared to put in jeopar...
Russell Brazil
Buyer is Undisclosed Agent
I am the listing agent in this deal. Property is under contract, buyers agent today sens me an insane inspection addendum asking or 40 items and additional credit. The total of which is about 20% of the total value ...