Steven Scheer
Purchasing a SFR using credit cards
Hi everybody! I have been wondering if any of you have ever used a credit card to purchase a SFR free and clear. If so, how would you generally go about quickly paying off the balance of the credit card? HELOC, a Home...
Adam S.
Can anyone explain a Multiple Advance Loan?
I am working on a purchase of a new rental property and the lender mentioned the option of a Multiple Advance Loan, where they would advance me additional funds up to the Loan To Value max of 75%. (this is in the con...
Sonya Hopson
Looking at possible purchase and need hard money loan info
Hi,
I have found what I think may be a great deal and the homeowner wants cash asap. I haven't mortgaged anything in over 30 years but remember it taking awhile. How does the hard money lending work? i know its a h...
Michael Nguyen
DSCR loan for an LLC multiple members. Does the lender look at all credit scores?
New to this community, heard great things. New investor looking to learn a lot. Thank you in advance. As I mentioned I’m a new investor. I am creating an llc with a couple friends as we go into this new endeavor. My q...
Sam S.
Servicer charging ridiculous so-called "lender-paid expenses"
We bought a property subject to existing mortgage. It was behind on payments and was scheduled for foreclosure auction in Texas. Before we brought the mortgage current, the servicer had told us that the Cash Advances ...
Ryan Keenan
Brrr method question
hello BP, looking for insight on the brrr method in purchasing the property. If you don't enough cash to purchase the property out right can you use other alternatives such as heloc, 401k , cash advances? By doing t...
Davian M.
Investor Friendly Lenders: Looking for a Cash-out Refi in South Carolina
Greetings,
I’m reaching out to the community to find investor-friendly lenders for a cash-out refi on two properties. Your assistance is greatly appreciated. Thank you in advance!
Lane Kawaoka
Forget Portfolio Loans => HELOCs now at 100%LTV
I checked into my local credit union on how the HELOC rates were going and they are now offering (on owner occupied) 100% LTV at 5.25% which is up from 90% a year ago... the 80%LTV is at 3.25%.Is anyone using these cr...
Sandy Metivier
commercial lender need to be in the same state as the property?
Hi… I have a 6-unit in Cleveland OH that I own in full, and now I’d like to seek a cash-out refi commercial loan/mortgage. Does the lender need to be in the state the property is in (Ohio)? (Oh, and I live in CA).I’m ...
Mark Douglas
Credit Card Cash Advance ?
Has anyone got experience in using the cash advance as a downpayment, and repaying the loan from the cash flow? Has this been effective? What are some risks (aside from the high interest rate on repayment)?thanks !