Malico Watson
How do I secure a line of credit for new construction
I am a real estate broker in Florida and in Wisconsin and I own a construction company in Wisconsin and I am interested in building new homes and selling them. I have a buddy that is in mortgage but unfortunately we a...
Marcello Di Gerlando
50% rule to quickly evaluate operating expense
I ‘m looking to dive into the multifamily market, I’ve been doing my home-work and I’m working with a realtor…I have lots of questions. Here is my first.
If I am using the 50% rule to quickly evaluate operating expens...
Bette Hochberger
Real Estate Taxes: What Every Property Owner Should Know
Hello everyone! Today, I'm discussing the complex world of real estate taxes – a topic crucial for every property owner. Real estate taxes are levied by local governments and are based on the assessed value of your pr...
Alfredo O.
Best approach?
We currently have two properties that we possibly want to keep versus selling. We initially obtain hard money to purchase these properties. What is the best way to now refinance the property and keep him as income pro...
Account Closed
Bank stated that HELOC CAN NOT BE USED AS DOWN PAYMENT
I have heard so much about people successfully using HELOC as a down payment for investment property. Decided to do the same. We owe 95K on our primary residence, wich is valued around 200k. Went to the bank today, th...
Brady Tome
Multi-Family Deal Analyzer
Hello all,I am currently searching for my first multi-family investment property. I've been using the basic Google mortgage calculator, but I want to know if there are any other tools I can use to get a more detailed ...
Jared Branda
recommended institutions for lines of credit
Hi fellow real estate gurus,Has anyone used any lenders of lines of credit for NJ? Any recommendations are appreciated.
Amos Raymond
Gimme the Loot - What about Hard Money or Line of Credit funding?
My partner and I are new REI's since 2018 who have employed the principles of the BRRRR method commanding 5 doors valued about $750k plus one door with projected ARV of about $250k by '23Q1 and one other door bought i...
Nathan Frost
DSCR Loans Please Explain
Hi, can someone explain this to me? Basically give me an example of say a $100,000 home and how this is wise to use that rents for $1200-1400. Verse other loans. Or why one would choose DSCR loan / interest only pa...
Ryne V.
Self employed loans?
Hello fellow BP'ers,
Both my partner and I are self employed in the horse racing business. We can't provide any W2's or a proof of monthly income due to the fact that our earnings are based of off race outcomes...