Eric Schmid
Hard Money - What's Great, What's Not?
Hi Everybody,I am looking to hear thoughts on these hard money lending numbers. I'm located in the Midwest, but would also be interested in hearing numbers for other regions as well.All of the below products have a ma...
Christopher Brown
HELOC - Choose lower short term or long term rate
I'll start off by saying I'm a newbie. I love BP!My wife and I are looking to fund our first deal. We have ~25K cash and $75K in equity in our house and we are looking to use a HELOC for down payment and/or rehab f...
Aaron Claybourn
Four Plex Appraisal
I am currently running into a road block with local bank (DFW area) and our mortgage company that services the loan now. I bought the property just over a year ago, lived in one unit for the year obligation and renova...
Mark Sheppard
Cash out vs HELOC question
I am currently trying to figure out the best lending option to do the BRRRR process using one of my rental properties that has equity.The property I want to use currently has about $100k in equity. My plan is to use t...
Miko Lee
HELOC or Refinance on Second Investment Property?
Hi,I bought a triplex back in 2017 and the property has been doing really well. So, I am now ready to get my second investment property (preferably a multi). However, I prefer not to use my own out of pocket money to ...
Parker Larsen
HELOC or cash out refinance?
So I’m having some analysis paralysis with looking at a Cash out refi vs a HELOC on my primary residence. To paint a picture, living in a townhome and will rent it out when we move in 2-4 years. I want to take advanta...
Ryan Judkins
How get loan for lower priced properties?
I have two homes in Missouri that I made offers on for $63k and $77k (paying 25% down on each). Then our loan officer said the underwriters rejected them. She explained they are lower priced homes so they have a har...
Shon Drennan
HELOC Recommendations First Time
Hello, my wife and I have about 150k equity in our home are wanting to do a HELOC and use that to buy some STRs. I have a few questions since this is my first time doing this and research online seems to be pretty ba...
Shawn Henley
To HELOC or not to HELOC
Hey BPers-I am beginning to search for my first deal which will be a flip. Before I go full steam ahead, I need to line up my financing. I have been researching and talking to my mortgage broker about obtaining a HE...
Kyle Moreau
Heloc on primary home
hello,
what are the pros and cons of using a heloc on your primary home to purchase your first rental investment. Wondering if it's a good strategy. Or a horrible decision.