Daniel Kong
Max to draw from Line of Credit
If I were to open a line of credit for 15k, what would you (the community) suggest the max I draw at any given time? For some reason, it seems bad to pull the entire 15k all at once. (let's say I use 14k, and put 1k i...
Stephanie Crawford
Any Banks Offering LOCs on Investment Properties in Tennessee?
I have a rental property in Nashville, TN that I own free and clear. Are there any banks out there that will offer a revolving line of credit on an investment property? 65% should be sufficient. I don't want a commerc...
Felix Castillo
Out of state investor in NY
Hi,I'm an investor residing in FL with a multi-family property located in Upstate NY. Initially, I purchased the property in my name to secure better financing. However, I now intend to transfer it to an LLC. My conce...
Kevin Charles
HELOC vs Home Equity Loan vs Cash Out refinance
Hello BP,
So I have a sfh rental property that I am expecting to pay off fully in a few months. My plan is to use the equity in the rental to purchase additional rental property. What is the best way to pull cash ou...
Ryan C.
Heloc lowers Fico score, then refinance
Looking for some insight... I have a rental that is paid off. Going to do an 80% heloc on it so I can purchase another property. My intent is to wait the 6 month seasoning on the new property and refinance into a conv...
Haroon Ashraf
Newbie looking at Ohio
Hello, My name is Haroon and I'm a rookie real estate investor. I am based out of Toronto, Canada where finding cash flow neutral properties are not possible (let alone cashflow positive!). The search led me to the US...
Anthony Freeman
Frequency of turnover costs
As a multifamily property investor I should get used to spending some amount of money on every turnover process
Greg W.
struggle getting a blanket loan
I have 6 properties on contract with I one year balloon. I'm 3 months in and funded renovations and downpayment with plocs. Now they are all rented and I started looking for a blanket loan. I've been declined at 2 sma...
Ben C
Recommendations for Handyman and Attoney needed around Charlotte NC Area
Hi All,
I had few posts earlier here so just an update on my first rental in NC. I was finally able to rent the townhouse out without using a PM and did some fixes myself before the tenant move-in. so far it's been q...
Solomon Ficklin
Wholesaling - Almost There - Basic Question (Completing Closing)
My question revolves around closings. I'm confident in my ability to find buyers and sellers, as well as getting both the purchase agreement + assignment contract signed. However, I plan to treat this as a business ...