I want to build my team of banker, attorney, accountant, realtor & contractor so I can start making my first deal. Is is reasonable to find Attorneys who deal only with real estate?Realtors who deal only with inve...
I was told when talking to guru's that when buying an investment property, to make sure that it is purchased as an LLC and insured as one as well. From my research (NJ), no bank will lend to an LLC (meaning I cannot ...
I'm looking at a 12 unit apartment complex and need to create a deal with owner financing for the down payment, can anyone with experience with this give me some advice and what to be sure not to miss when structuring...
Hello BG members,I am currently researching on possible lenders for a modular(pre-fab) home in the Atlanta, GA. I am not exactly sure how to phrase my search to best yield the results I am looking.I have tried "modula...
Hey guys. I'm in the refinance stage of my 4th BRRRR and I'm shopping commercial banking relationships. I'm running into a small obstacle. Most of the bankers I talk to want to make ARV the lesser of either my tota...
Hello BP,
I thought that I can use my HELOC for down payment. I am in the middle of getting a loan, I was told that I can not use my HELOC because it will be a borrowed money. Can someone explain if I missed somethin...
Does anyone have experience borrowing residential loan of $50k or under? I heard most banks won’t lend for such low amount. My banker from Chase said he ‘believe’ the lowest amount they can lend is $10k. He doesn’t so...
Hello!
My wife and I are building our Airbnb rental business and also have been heavily involved in traditional real estate. With traditional financing for real estate being more strait forward with 9% - 7% hard mon...
Is this a good strategy?? Read on to find out WHY I want to do this..
I have 8 houses. I'm considering buying two more rentals so I can max out my conventional loans while I'm working a W2 job.
I'd put down 200K o...
Ok, this is most likely a simple question but I feel I'm putting too much thought into it and would like others thoughts and opinions. What are the pros/cons with going with a equity line on a rental property vs a re...