Daniel Kong
How soon can I refinance after purchase? (Source of funds)
I have a question. Lets say I wanted to buy a property for 70k. If someone gifted me the money for the property (the down payment on a mortgage), I would have to wait 2 months worth of bank statements for the funds to...
Kim Barnes
Newbie needs funding for purchase and rehab. Hard money loan
I made my first purchase from an auction in January. Waiting for ratification from the trustee, which should be in 30-60 days. I have a 203k, but want to use HML for purchase and rehab. Can anyone recommend a HML that...
Cindy Bowman
How to structure JV need funding for purchase and rehab
Hello BPs,My husband and I are looking to do our first fix and flip and have located an off market property in a very hot area for rehabbers in Charlotte. My husband is a licensed GC and I am a licensed agent. He has...
Andrew Michaud
Do I have enough funds to purchase this 60k 5plex?
I got approved at the credit union today. 60k purchase, 12k down, so a 48k loan. Plus 2k to 3k in closing costs. After all of those expenses I will have about 6k to my name. Is that enough? I have two jobs I make mone...
Shane H.
1st hand experience using ROBS to fund a business purchase?
My wife and I found a business we toured this weekend and we are sold. We are wanting to put an offer on it this week.Until last week and checking out SBA lending I was not aware of using a ROBS as a tool for the pur...
Matt Smith
1st investment property purchased. Help needed on funding of deal
I just purchased a property in Tampa today. Got it for 239k cash only deal. It can be used as a rental or an easy flip. Its a 3/2 1260sqft block home. ARV is 360k with estimated repairs being only cosmetic at 10k. Ren...
Giovanni Cortorreal
Purchase Offers/ Proof of funds when using private lender money.
It is my understanding that real estate purchases using private money lenders are made as cash offers. However, when the offer is for a bank REO the bank want a proof of funds letter that shows that the person making ...
Matthew Wienclawski
Creative Funding for My next purchase - How to get snowballing?
I currently own one rental and my primary home. I want to make a multi-family move but with my current income/debt ratio I'm not getting enough monthly to make a purchase. I want to explore an FHA Loan for this. Shoul...
Kyle Blankenship
Lightstream (Truist Bank) loan to fund next property purchase - Advice?
Before I begin, I just want to say my fiance and I are very new to real estate investing and are learning as we go (for better and worse). My fiance and I currently own a multi-family (3 unit) property. We rent two un...
Robert Ferrell
Using credit cards to fund the purchase of rental properties
Is there anyone out there who has used credit cards to fund the purchase of a rental property? I am planning to use my cards as a tool to aquire property and then get a cash out refi as soon as possible to pay off tho...