Sam T.
Trying to acquire personal lines of credit
Hi all, I'm planning to try getting as much available money in personal credit lines as I can to use for acquiring rentals. The plan would be to then cash out refi and repeat (BRRR) indefinitely without needing much, ...
Alex Cabej
Refinancing investment properties under llc
Hi all-I have a 800+ credit score, which I am very proud of. I own properties with a higher rate than I like. They are in high-end areas and generate juicy income! So the trade-off is worthwhile. I am on the lookout...
Michael Lleverino
Financing alternatives
I've been contemplating using HML to buy my 2nd property. My understanding is that HML will lend you money for about 6 months allowing you to sell the property or refi to a standard long term mortgage. Problem is...
Ben M.
Owner finance offer on my property
I have an owner finance offer in my property below and not clear how this would work.1) Are they saying that I will be fully paid in 5 or 8 years? So the monthly payment would change later on? I guess that’s what the ...
Jazmine S.
Do lenders take available credit into consideration?
I am trying to decide if it's a good investment to purchase an AU or two before I apply for funding. (I'm going either the HML or Portfolio route). If they look at income, liquid assets, and debt to income, would avai...
Paul Eddy
I’ve had a hard time with financing
So I’m a new investor and just closed on my second STR property. The problem I’m having is that I carry a high credit card debt and had to get a co-signer for this property and almost didn’t make it. Does it make sens...
George Gipson III
Credit score 580
I am looking for a rental property to invest in and i did my research and found a foreclosure. Well after looking at all the numbers it seem like a good deal for a beginner. However i needed to get approved for a loan...
Brandon Fuhrman
Lender messed up my credit
I went to my small local bank and opened a business account after receiving my EIN. I told the lender I am interested in applying for a business credit card using the EIN. Filled out the application and was approved. ...
O'brian R.
Rate Shopping: How long to still be considered 1 inquiry?
Hey BP! I figure I should just ask the wise BP community, but I've seen and heard different answers as to how long of a period one has to shop mortgage rates and to still be considered just one 1 credit pull. In some ...
Nicolas Yopp
Hard money to refinance process
Hi,I'm still trying to grasp the idea how the process works. First you get hard money loan then when ready to refinance. How do you refinance into your name? Do you need to have good credit scores and low DTI? Jus...