Can anyone tell me about Hard Money Loans rules/regs/laws? How to become one? Do you need any license or do you have to register with anything? Would it be easier to just call myself a Private Money Lender?
Hi! Just wondering if there's a limit on home equity loans. If not, and you have like $200,000 cash to start, could you just buy a $100k property, fix it up, rent it out and then get a home equity loan for $70k and ...
Hey all! I may have stumbled across a deal in my hometown in Florida this holiday season and am interested in this group's thoughts. My background: I currently own two STRs that I manage long-distance, and am intere...
Hi Commercial RE Investors,I have a question regarding home equity line of credit or HELOC.Here is the scenario:I went to a local bank asking for a line of credit on my 6-Unit. The lender would offer me an 80% LTV of ...
Happy Memorial Day all,I live in Baltimore and there’s a good investment property that I’m very interested in. The problem is that it’s going for under $50k and lenders don’t like to lend under that amount.I also have...
Hello community, I am currently working on acquiring my first deal outside of my current bank financed home. Newbie questions1) I just finished rehab and refi on my current home and pulled 60k. What i didnt realize is...
First post...just learning the game. Please spell out acronyms!! THANKS!!I've purchased two four plexes in the last 9 months, the first was an FHA loan that I put 3.5% down, the second was a short sale that required a...
I feel a bit stuck in this scenario, and I could use some advice.I'm raising some money from private investors and wanted to run some options by more experienced posters, because I'm a bit unclear as to what the best ...
I recently purchased an investment condo that rented out almost immediately after I did some minor work on it and will cash flow very nicely. (I know some people stray away from condos but I have had actually had a lo...
After a couple of years of reading, listening, calculating deal after deal scenarios, I am ready to make my jump. I have found a property that I believe to be a profitable, and manageable first venture for me. Short v...