What is your HELOC strategy? I have two rental properties and I’m tempted to find a bank to open an equity line of credit so I can expand my portfolio. However, some investors I talk to say that is too risky. Others s...
Quick description: I have approx. 125k of equity in my home. 17 years into the mortgage, solid credit and never missed a beat on payments. Downside: We're in the restaurant business, if you're familiar then you know h...
Hello all. My name is Julius North and I am brand spankin new to real estate investing and I am so fascinated with the idea of making money while helping others. I love the biggerpockets videos on Youtube and so it sa...
Looking for some input from those with practical experience in the topic, not a legal opinion. I've seen some reference to business names and NAICS codes that are more favorable for obtaining business credit. It is ...
Has anyone ever worked with or heard of this website: fundinganllc.com and I believe the company is "Synergistic Investments". I haven't read any terrible reviews online and, if legit, it looks like a great way to get...
Hi all, I'm an OOS investor with no deals under my belt. I do have 2 rentals here in California and have rented them for the past 4 years. I'm having a terrible time finding a HML that will fund me although my credit ...
My father, despite never missing a payment in his life, has fairly mediocre credit due to, we think revolving debt. 2 Questions:
1) We think some of it may be because the credit bureaus view 2nd loans from ba...
Hello everyone! I am looking for some insight on a potential plan that I have come up with. My wife and I have a few rentals, all setup as land contracts. I currently work a day job which ties up a lot of time. I plan...
I recently came across an opportunity to work with a local non-profit that is considering renting one or more of my properties. They help women get out of bad situations by providing housing, counseling (mental health...
Hi All,
I'm trying to qualify for a HELOC. The problem I'm running into is two-fold:
1) Many banks still have a moratorium on these due to COVID
2) Debt to Income qualification
On #2, I bought a triplex last Septe...