Can someone explain to me the best use of an line of credit. I want to use it to acquire a rental. Fix the rental then refinance and pay off the line of credit. Does that make sense?. Will that work?
I am looking for the best possible interest rate if possible 7 arms in low 4's and low downpayment options for a new 4plex that is two years old. 4plex might sound different to different people. I am trying to buy 4 t...
Hello all, I hope Thanksgiving was fantastic for everyone. I am generally new to real estate investing, but I want to really get into it. That said, I own a house in Jacksonville, NC which was a primary residence. We ...
Anyone have suggestions for lenders to lend on smaller balance loans in Michigan. We have 8 properties that we bought ranging from $50K - $90K. I am hoping to not have to finance them individually, but rather in one...
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...
Hello BP team,
I’m going to utilize a HELOC from my personal residence to fund investment properties. Can someone please provide advice as to where I should start my search for an institution to provide my HELOC? I...
Hello,My name is William Jones. I was flipping houses in Tallahassee for a couple of years but then my family went through some tough times and we had to move to Charleston SC. We are wanting to start up flipping agai...
I bought a condo back in 2009 for $100k even (20% down conventional) as an investment and I stopped paying HOA dues about 2 years ago. Not sure why, to be honest - I guess it sort of slipped.Anyway, they initiated a f...
How hard is it getting a loan approved ?! My husband has a credit score of 616 and I have credit score of 685. My debt to income ratio is a bit high but my husband makes great money . Is my mortgage broker not going t...
hi members I'm hoping that someone can help. I'm looking to refinance my mortgage but I have high credit card debt which is pulling down my credit score. I want to put the credit card debt into the new mortgage but I ...