Hey guys!I’m trying to educate myself further on the idea of collateral loans and how to obtain one. Considering me just getting started in the REI world (check out my profile for details on my background and where I...
I'm wondering if anyone has secured a line of credit either through a bank or a private lender using cash as collateral. Is there a ratio that banks will lend on based on the amount of collateral? I understand that ...
Hi all, so I'm hoping someone here can lead me into the right direction on this. So I have been looking into multifamily property investing. I wish to field a hypothetical: I have a secured line of credit with a com...
Hello All,I own five investment properties, all long-term rentals, and they all have mortgages on them, most of them with balances of less than 40% LTV. I recently spoke to a financial advisor who also is a real estat...
Hello BiggerPockets community! I'm wondering if anyone has had experience using cross collateralization as a way to increase the LTV that the lender will finance. I've spoken with a couple lenders recently who told me...
For a business purpose loan secured by a residential (1-4) or a commercial property located in Texas, does the lender need any license? Loan amounts 300K to 1MAny Usury limits ? Please provide a good transactional a...
Hello BP members ,I have a Homeowner who needs cash for a Financial situation that they have . They need $70k personal loan amount and will repay back with terms of payments . Property will be collateral for loan ....
Does anyone have a sample of how this document is written? Would obviously have an attorney modify for my state but would like to see how this is written. Appreciate any help!Copied from another post:A collateral ass...
Hi, I am just getting started in real estate investing and looking for advice on how to fund deals creatively. I would like to know what it would take for a private lender or hard money lender to fund a deal while usi...
I own a property that is paid off and has a value around 160k and has a cashflow if about $600/month.
My goal is to increase my monthly cashflow by leveraging that property. So far the ways that I thought of were th...