So, I have a question about financing rentals and flips. Here is my current situation (I’m in the Raleigh, NC area):Wife and I have high 700 credit scores and W-2 incomeWe have an LLC which we have not used to purcha...
Hello everyone,I've been searching the forums to find out how to utilize the BRRRR calculator when a hard money lender is involved but can't seem to find a straight forward answer. I would like to be able to enter a...
BP family, does anyone have experioce with credit trade lines? I'm looking to purchase a few to improve my credit score so I can acquire a few rental properties. Any guidance given is appreciated
So when using the rental property calculator on BP. I notice when i pay more cash for the property my COC roi goes down obviously and my cashflow goes up. Now when i buy my properties i use lines of credit from my exi...
I'm 23, and over the past year and a half, I've purchased two duplexes. Now, I'm looking to buy a third property, and I'm actively looking for ways to do BRRRRs with no money down. One potential way I'm considering is...
what's your personal guideline for how much to keep in reserves per property?
Hello,I have been trying to figure out a better way to purchase real estate without burning through cash.I’m considering opening up a HELOC on both my rental properties since their value has grown since purchasing the...
I wanted to see what line of credit loan products that are available for commercial. I own several properties 100% that are held within an LLC that I would like to be able to tap the equity without taking out a conve...
So I've read in multiple forums that a down payment on a conventional mortgage cannot be borrowed. To me this implies that Lines of Credit, Private Money, etc cannot be used for the down payment the bank is expecting...
HI BP members,
I am currently in the process of obtaining my core four. I have not purchased a rental property before so I don't have the experience. I've read as many books as i could and listen to the BP podcast re...