I am part of a group doing a development in Boston. We are looking to borrow ~$10.5mm to development the units. The group is experienced and looking for a lender that doesn't require a personal guarantee. We have eno...
I am a first time home owner . My lender is Fannie Mae. I received a loan for 30 year conventional. I want to rent out my property but first want to transfer it to an LLC. Is this allowed for a personal mortgage loan ...
How are investors getting conventional loans (for the better interest rate) since they need to be in personal name and still be protected from liability? Is it typical get loan in personal name and the property be ti...
Recently closed on a townhome and my property could use a facelift. Unfortunately, I do not have enough cash to afford the rehab. What are my options with getting a loan (~$50K) to improve my property and then, hope...
Hello all - First just want to thank everyone on BP for all the incredible info and knowledge - this is an amazing site!
I recently purchased a 4 unit rental. I took out a HELOC on my primary for the downpayment (3.75...
I have a potentially stupid question, but here goes. We purchased a property as a rental for $120K. $85K is a conventional mortgage and the other $35K is a loan from a family member. We're almost done rehabbing the pr...
I'm curious if anyone has used a personal loan to fund a rehab and flip? I have good credit and a decent bit of cash but still need to finance in order to start flipping. I'm worried because I'll be a first time flip...
Hi everyone, I'm Stephen Miller and I'm a newer member to BP. I got my first BRRRR property two months ago (2nd rental first was LC). 4B/2BI chose to use my high credit score and use a personal loan and 0% interest cr...
Is it allowed by SDIRA rules to create a personal loan from an SDIRA to someone that doesn't involve the direct purchase of an asset? As in, could it just be a loan to a colleague or friend? Thanks in advance
I am debating taking on a personal loan to minimize my risk and go at the endeavor with a friend. What is a typical return for a cash lender look like? He will do no work, simply put down some cash to help fund the de...