Shawn Thomas
Hard Money Loan —> Convention Loan
You need to fund the final 20% need to acquire the property. You decide to go with a Hard Money lender with high interest costs but your plan is to refinance the HML into a conventional loan after maybe 6 months of se...
Jarred Marrow
Investors, Agents- looking to purchase first property
Hello all, I am currently interested in finally pulling the trigger and getting into my first property towards my RE portfolio. There are a few questions I have as my income isn't high and I know it might be hard to g...
Gerardo Waisbaum
Bank Loan Quotes: Closing the Deal Challenges
Hi fellow investors,
I recently listened to a thought-provoking On The Market podcast episode featuring Ben Miller from Fundrise, who raised an interesting concern. He mentioned that while many banks provide loan quo...
Steve Moore
I have two good faith estimates. Which Loan is better?
I own the property and am going to cash out. I purchased a duplex with a line of credit on my home and will use the money to pay off line of credit. I have two banks (both local) that have given me a good faith estima...
Marc Velasco
Change cash purchase to mortgage purchase
My wife and I live in California, but plan to retire in Florida within the next 10 years. We’ve created an LLC to use for our real estate investments. Finally, after 2 years of research and making offers, we decided o...
Dan Dyke
Hard money loan on as part of a residential real estate deal
I have an opportunity to invest $190k in a residental real estate deal that involves buying 5 lots, developing them and selling them. It would work like this.... In month 1, I provide $95k to purchase residential lot ...
Michael Win
Deferred maintenance and blocking my conventional loan
I have a home under contract. The Sale price is 15K under the Appraised value. My finances, income, credit history are all in order without issues for best rates. Typical 20% down.The loan is in the final stages and r...
Daniel Hartz
Feeling lost- Business Line of Credit for LLC w/ 4 years of rental history
I'm looking for a source for a business line of credit: I have fair (560-640) credit, but also quite a bit of equity and rental income history across two properties. So I've been slowly working the rehab on an investm...
Noah Lomax
Title Company Requirments in Chicago for a Selling a Flip
Hey BP'ers,My partner and I are selling our first Flip in Chicago. We used a Fix/Flip loan to finance. The requirements to do so included in-person inspections before each draw, and a lien release after the final draw...
Darian Richardson
Second Deal financing for Multi-Family
Evening Fellow Investor,I recently closed on my first deal in April 2017 on a duplex in Lawrenceville, Ga that I am currently househacking. I used a FHA loan with a 3.5% down payment, from my understanding I can only ...