I've tried several times to get a loan for an investment property and each loan officer is telling me I can't use private money for the down payment. How else am I supposed to come up with a down payment? I don't un...
Hi BP Community, can you tell me how you have used your HELOC loans successfully to grow your portfolio/cash flow? What was the scenario/payback structure/ and result on cashflow? I would love to hear about your succe...
I have a property on contract which fits the BRRRR criterion. Something like, Buying 120k, 25k renno, 180k ARV. Is it possible to do BRRRR with hard money? I was under the impression that bank are either 80% appraise...
I’m looking at the feasibility of a 50 unit multi family complex. This is my first look into multi family of this size. I’m wondering if anyone can ballpark the closing costs on a 4-5 m$ loan. Also, I have partners th...
I am buying a fixer with hard cash loan. HML is giving me 90% of purchase price and rehab cost as well. When I refinance with a bank in few month later will the bank lend me 80% of purchase price or it can be 80% of A...
Are there any commercial loans available that are funded at 90% ltv?
Thanks,
-Michael
I've found some investor-funding companies that offer, for example, "75% LTV lending with no down payment." I'm having a hard time wrapping my brain around this. Does this mean that if the value is $100k but you are...
Please any and all advice is greatly appreciated. My question is when dealing with a HML that's offering 85% LTV and I have a property that appraised for 770k very recently under contract around 630k. (85% of its curr...
This is just a random thought that surprised me, but might be well known to more experienced investors...
I've been doing some modelling ahead of launching a fund doing BRRRR investing. I was looking at the impact on...
Hi folks,We are starting up a rehab resale operation in Houston. Our first deal will be done with hard money. We are bringing some skin into the game as for this flip we did not meet a 70% Ltv. It's becoming apparent ...