David J.
More money or lower payment? HELOC
I have a bank that will give me 90% LTV but they charge a 1.5% Bank margin on top of prime rate. OR I have a bank that will give me 80% LTV and 0% bank margin. Which should I get?
Esther Kim
HELOC on (NOO)Investment Prop.- Lenders during Covid
Has anyone had any luck in finding a HELOC lender for their investment property that is non-owner occupied? I have tried many of the lenders that were listed on this post, however the lenders don't lend in CA or on du...
Esther Kim
HELOC- Prime Rate or One Year Treasury Security Rate
Am looking to take out a HELOC on my rental property (mortgage free) for about $70k for repairs. The property value is about $725k. I have been offered a HELOC through a local credit union based on the One Year Treasu...
Jim Goebel
IRA strategy - checkbook control, flips, then 72t?
We had a conversation with our CPA today and in the course of that a few 'new' ideas came up.I'm wondering for those that have utilized checkbook control for a business under a self directed IRA, then for instance don...
N/A N/A
Realistic profit margin ?
Call me crazy, but after gobs of research I believe I can consistantly buy/sell distressed (HUD, VA, bank owned) properties in my area and average $10-12k net profit with a average 90 day turn. These would be houses...
Matt Wells
Does a margin loan affect DTI ratio?
I am going to get a margin loan from my stock investments to flip a house. However, I also want to purchase a rental using a conventional loan within the same time period. Will the margin loan affect my DTI ratio and ...
Tate Meyhoff
Putting money in Index Fund or keep in savings account
My wife and I are really excited to get going on our REI journey, with one problem. We currently have enough liquid cash to purchase and rehab one investment property using conventional financing. We would like to s...
Scott T Brady
Possible to buy a non performing 2nd to stop 1st foreclosure?
I'm working with a seller to stop his foreclosure; the 1st (Wells Fargo) has been in default for over two years, foreclosure is scheduled April 1st, they are still interested in being reinstated. A 2nd (US Bank) is a...
Justin Tahilramani
Purchasing a REO using 0% Balance Transfer
Hello,
Just looking for a little advice. I have an REO that I am considering making an offer on. I feel confident about the numbers, but I wanted some advice on using a 0% APR CC Balance Transfer to float t...
BJ Henderson
How Can I Help? (Is this a deal...)
I have a seller that is going into Foreclosure. He hasn't made any payments in over a year totaling between 20-30k behind. The property is worth $232,000 and he owes about 200k. ARV can go as high as 250k. The bank ha...