Chris Mathe
Using a HELOC to help finance first BRRRR?
Hi All, Quick back story: I was trying to cash out refinance my primary residence when unfortunately the appraisal unexpectedly came in too low for it to make sense. With that being said, my loan officer recommended ...
Nik Kov
Comparables in area are nowhere near what we'd like to build, bad or good?
So I'm doing some comparables on what sold in the last 3 years in an area we're actually looking to do a new construction. We're looking to build something unique/contemporary with of course elements of the local area...
Kevin Stembridge
How to borrow against my US properties as a non-resident?
Hi all,My wife and I live in the UK and we own a couple of properties in the US. Both of these properties are free and clear and are worth about $300K - $350K in total. My wife is a US citizen but I am not. I've been ...
Dave Naphy
HELOC for investment properties
Hi BP community! If I use a HELOC for a down payment, will lenders still be willing to give me a conventional loan? The home is currently rented for $3,000 a month with tenants in place. I am located in southern New J...
Michael Dunn
Checking vs a Savings account
Do Lenders care , if the money that you hold, via " savings " in a account, is a Savings or a checking account?
I have both opened, but I am using my Savings account, as the account of which the majority of t...
Eric Guth
Home Owners Insurance For Property In Baltimore
Hi, I just received a quote for a 2 unit property I am acquiring in Baltimore and wanted to know what you guys thought about it. The quote is:deductible-1000.00dwelling - 170,000.00Other structure-17,000.00personal pr...
Brian Plajer
Can you use HELOC to pay off HELOC?
Hello,
I have a HELOC that I'd like to use for purchasing long-term hold rental properties (hopefully multifamily). The HELOC is interest only for the first 10 years followed by interest and balance payments for th...
Aaron Finkelstein
What if I can't Assign when under contract?
I am a very new Investor and I am wondering what the consequences are if I put a property under contract and I cannot assign the contract to another investor in the allotted time?
Matt Siapin
College major?
I know many say you don't need formal schooling to be in the industry but I want to be informed and also like the fact of a back up plan. That being said, what do you guys think the most helpful and useful major for a...
Nic Starr
Fire Your Mortgage Lender?!
Has anyone had a property under contract and through the process you realized your mortgage lender is below average in terms of customer service and responsiveness? I’m a first time investor and I have a property unde...