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I've been reading a few posts about the benefits of bank relationships. I'd appreciate hearing stories from folks that have been successful at it.
One approach I read about was placing a deposit in a bank, then aski...
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Hello All! I am looking for input for financing a package of properties that I have decided I am interested in pursuing. It is a package of 3 building on 2 parcels. On one parcel are two buildings, one is a SFH and th...
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Hey everyone , so here’s my story . I’m a Steamfitter out of Pittsburgh pa . And I’m looking to get involved in these rental properties . I know how to do all the work on the places myself. But I’m having a hard time ...
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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 ...
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So I'm still poking around and looking for how to invest in RE. I haven't purchased an investment property yet, but am currently offered a private financing deal w/ a neighbor/friend.So my neighbor a few houses down i...
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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 ...
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Anyone using cash as collateral for a line of credit? I've got a local bank that will provide LOC that's 2.5x the cash amount (100k in cash gets you a 250k credit line). Curious if others are getting better/worse offe...
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Which one of these funding sources are better?
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So I was introduced to a guy offering 2% monthly return or 24% annually for a hard money loan. Is this to good to be true?This guy comes with good recommendations and isn't a slick talker. My BS radar didn't go off wh...
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I am hoping for some viable suggestions on this. Here are the facts (with numbers rounded):
-I own in my personal name an investment SFR in Birmingham, AL.
-Remaining mortgage (principal) on house is $...