Daniel Mina
Applying for HELOC and mortgage
Is there supposed to be a waiting period between when someone closes a HELOC and applies for an investment mortgage? I'm about to close on a HELOC to be able to make cash offers, but if the house can be underwritten c...
Ryan Diehl
Refinancing or keep current heloc
First time investor. I bought a single family home for cash in November, did the renovations and now have tenants. To pay for this, I used a heloc on my current home. Question- do I keep the heloc I have and just pay ...
John Carbone
The “Airbnb crash” follow up
The guy who posted that article on many markets being down 50 percent was on cnbc tonight discussing it along with airdna countering it. It’s crazy how quickly fake news can spread.to be clear, not disputing rents are...
Carolyn D.
SBA loan deferment question?
I'm the CFO for 3 companies (1 real estate company, 2 operating businesses leasing from landlord) with an SBA loan taken out in 2003 currently in good standing. Operating businesses have entered a cash-flow probl...
Leonel Almagro
Parent’s can’t get prequalified for a loan but got 70k in savings
Hi everyone,My parents did not have financial knowledge so they never built up their credit. They want to invest their money and get a duplex or house hack. I currently own a house that is rented out and I just closed...
Josh Atchison
401k loan for real estate.
I am going to take a loan of $25,000 out of my 401k for a house hack. My wife’s student loan is an income based repayment plan. As I pay my 401k loan back, will this in anyway help lower the loan payment?
Tyler F.
Creative seller terms, am I doing it right?
Hey folks, first time poster and looking to get my feet wet. I'm pretty fascinated with some of the deals that people are able to put together with seller terms. I completely understand that it depends on what the s...
Justin Goodin
👋Capital Calls: What Investors Should Do
First, let's define what this is:A capital call (aka cash call) is the process when the general partner(s) attempts to collect additional funds from their investors to supplement the financing for a real estate projec...
Brad Sanders
Credit utilization score impact
HI BPersI want to know how much my credit score will be effected by adding a new card My previous credit utilization was 68% My Fico 8 was 701-706TU /Exp was 655-656The new CC available limit should lower my utilizati...
Tim Coppola
Opening credit cards for remodeling purchases.
Greetings BPers,What is everyones thoughts on opening a rewards credit card and charging remodeling costs (about $15k) on it? I know interest rates are higher on these cards and my credit score would take a hit (as op...