Lenna Groudan
Buying old house - fence right on survey property line
We are closing on a new investment property next week - an old home we will flip - and we just got the survey in.There is a very old chain link fence surrounding the property. This fence has been there for many, ma...
Frank S.
Would you buy a property on a known fault line?
A wholesaler showed me an SFR that was on a known fault line in Texas. The Home looked to be in decent condition. It was built in the 60's and the only thing that seemed weird was the outside elevation compared to oth...
Paige Hutchinson
Any negatives to buying on a credit line and then doing a re-fi?
I have come across 2 duplexes and a triplex that we are interested in. I was thinking if we buy them on our credit line, then after 6-12 months (whatever the lender requires as ownership time), re-fi to remove from o...
Tony Hardy
Recently recieved a LOC trying to think outside the box
Looking for ideas. If you had a $500,000 line of credit to invest in real estate, what would you do? Buy and hold of fix and flip? Multi family or smaller deals in the city of Chicago or suburbs? What submarkets?
Jorge Vazquez
I am wondering about a "sewer scope." Thoughts?
For what it’s worth, after 20 years and 3,500 transactions, I’ve never done one myself. I guess that makes me part of the 1%! But hey, I’m learning about it as we speak—always room to grow!
Joshua D.
Use my own cash or lines of credit from the bank?
So the initial purchase i use my lines of credit for he purchase of the property. Then I use all my rental income and cash from my business account to rehab it and when I run out I use more of the lines of credit. Am ...
Nathan Frost
Business Line of Credit
Hi all, how can one use a line of credit to add rental properties to their portfolio? Can someone give me an example? Bank said I could use it as the down payment and then get another bank to fund the loan. I am tr...
Tony Marcelle
Which is better? Private lender or Line of Credit?
It would be good to have the cash I need at my disposal to use at moments notice. My investing partner keeps bringing up how I should get a business line of credit to use as cash to buy homes. My thing is, which is be...
Reece Riggle
creative financing for rentals
I am in the process of buying 3 rental houses. These are currently under contract and pending financing. This is a package deal for $130,000. My estimated value for the 3 homes is $220,000 once a $40,000-$45,000 remod...
Dave S.
Obtain unsecured Line of Credit for Buy and Hold / Flips
Has anyone approached a bank / financial institution to propose opening an UNSECURED line of credit solely for use to buy, rehab and either hold or flip? If so how did the presentation go, what was covered, what were ...