Jason Ngo
HELOC or Traditional Loan for first property?
I am looking to buy another property for $350k and rent out my current house for $2400/mo. The bank has approved me for a HELOC of $100k with 4.5% variable interest and the origInal plan was to use the heloc to put th...
Chris Mason
First wholesale deal. Traditional mortgage. *100% BPers.*
This was a unique transaction, and as much as I'd like to say I've "been there, done that, seen it all," this was my first transaction involving a wholesaler. Cast of characters: Account Closed - Wonky-deal-friendly e...
Samantha Miller
Lease for House Hacker vs Traditional Landlord
Hi BP!TLDR: Looking for tips/suggestions/thoughts on tenant leases for a house hack (live-in) landlord vs a traditional (non-live-in) landlord.Full Post: I am a soon-to-be house-hacker (closing on a 4 bed this Novembe...
Eric Tullius
Section 8 Vs Traditional Tenants In Philadelphia
I have talked to 20 plus investors in the last week considering switching from traditional tenants to section 8. I am a huge believer in the section 8 route, but love to hear any other takes on pros and cons.
Patrick Boutin
Refinancing hard money loan into traditional lending
Hey guys,Quick question as I just got an idea that I wanted to explore. With traditional financing, it seems that 20% down is the norm versus the 3% - 5% lenders may be willing to accept for owner occupied financing (...
Glenn Barlow
Non QM refi VS Traditional Capital Stack
Good afternoon all,Wanted to get some feedback on an exit strategy for Multi Family deals I am working on. I am weighing up the options of going with Non QM cash out refi debt (the way I've always done it) VS possibly...
Account Closed
Financing first deal with a traditional mortgage
I am a new investor looking to purchase my first rental property within the next 1-3 months. I am a little confused because I have heard many people say that the first couple deals they just use standard financing to ...
Lucas J Reynolds
Subdividing Property Owned with a Traditional Mortgage
Hi! I'm looking for help from someone with experience subdividing investment properties.A partner and I are looking at acquiring a piece of property we can subdivide and turn into multiple short- and mid-term rentals....
Darryl Pitchford
Investor/Real Estate Agent vs. Traditional Agent.
Is there really much of a difference? The reason to this question? I asked my agent (and long time friend) for information of a possible investment. His reply stated he would send me a RPR report in the evening (it'...
Elizabeth D.
'Portfolio' lenders instead of a 'traditional' bank?
OK - I'm a newbie here, so pardon any ignorance on terms or how stuff works...I've hit a brick wall trying to refi my current rental to get cash out for my next one (ugh.) So, I'm thinking maybe I need to switch gears...