Olutomi Odukoya
Is it Possible to Get a Loan on a seller-Financed Note
I seller-financed a house to a buyer. The note is for $135,000 amoritized over 30 years at 7% interest. The note originated on 1/1/2022. Buyer has made every payment. The house is now conservatively worth 142,000. Is ...
Derick Passram
Buying land/Building a personal house
Hi, I recently found out about construction loans and it excited me at the thought that I could potentially build a custom home faster than I assumed. How exactly do these loans work and are they an efficient way to s...
Weng L.
Does down payment from line of credit need to be seasoned?
Does conventional loan lender allow you to withdraw money from personal line of credit or heloc as down payment of investment property ? or it has to be seasoned? Thanks
Mary Joe
Has anyone try PROSPER as a passive investment?
Has anyone tried PROSPER as a passive investment for earning interest income? It sounds like a nice concept, better than earning 0% with my bank. Also, no tenant headaches. Wonder if anyone has tried this before.
John Herrick
DEBT BASED CROWDFUNDING SITES FOR LOW END REO PACKAGES
i have access to, and am marketing, a large number of low value REOs, all under $50k, in $100k min. packages. Supplier has exclusive insider relationship with a major loan service, bids on 6k REOs/mo., gets 600 or 10%...
Mike Olson
Another Line of Credit Post
I used some older posts similar to this last year that helped me tremendously, so I thought I would leave this here to possibly help someone out or see if anyone has anything helpful to add.I sold my primary res in Fe...
Miles Stanley
Using a personal Line of Credit to purchase then refi out (BRRRR)
I have a long standing relationship with my credit union. I'm in the process of trying to set up multiple avenues of financing in the event i find a deal i can move on it. I do not want to depend on a single source ...
Robin Evans
Business Line of Credit-Second lien or not?
Dear BP friends, we would like to seek your advice on business LOC. We found a local credit union that says our numbers on the application look good but most of our equity is in rentals (we have 4 rentals under the bu...
Vincent Chen
Usage of Home LOC impact for credit score
Had credit score slightly above 700, would like to get LOC based on my rental property from penfed, just curious the usage of LOC impact for my credit score.Let's say if I got 100k LOC on my rental property, if I use ...
Jason A.
Applying for business credit
Hi Folks,
I am getting all my ducks lined up for starting my first flip. I have about 30k saved for my first project and I plan to utilize a hard money lender for purchasing the home. I don't feel 30k may potentially...