Kathy Reyes
Question about DSCR loans
I just found out about DSCR loans. I am a new investor and would like any advice on where to go to apply for one. I am looking to invest in properties in Illinois. I would appreciate any advice or opinions on this to...
Dane Fossee
Credit Score Examples
Hello all, Can fellow landlords give us examples of minimum credit scores they accept for their properties, and the rent of those properties? Thanks! (Ex. Minimum 600 score for a $1k/month SFR...etc.)
Oswaldo Rodriguez
Building credit through credit cards
Hello to all, I have a question about getting my first credit card. Im 19 years old and I want to get my first credit card to start building my credit. My question is, is it possible to get a credit card without a job...
Account Closed
Need help with HELOC on rental property....can this be done?
Hello there, I am new here so I am hoping I found the correct forum in which to post. I am a rookie with only two rentals and I live in the Dallas area. I would like to do a HELOC on one of my rental properties beca...
Joseph Bagley
Is this loan worth it or should I shop more?
Your goal and story: Less than a year ago I took out a heloc on my condo to pay off all my debt except my cars. The heloc was for $48k I used $38k. Bought my current condo 5 years ago for $273k refinanced about 4 yea...
Andy Wu
How to pull money from the house
I have 10 houses and 10 loans under my name most of them were bought this and last year. Most of them have 30-40% equity. I have spent 10k to 15k into 4 houses to do some improvement. Now I am out of money. I alrea...
Will F.
Shopping Residential Loans
It's been a while since I've shopped a residential loan (last few have been commercial). I'm actually house hacking a three unit and need to pull out an owner occ residential conventional.In the past, I just went th...
Sophia Berry
HELOC on an Investment Property
Hello all,Does anyone know of a Bank or Credit Union that will do a HELOC on an Investment property? The property is located in CA. I already have a HELOC with PEN FED however, was denied to increase the limit becau...
David De La Cruz
HELOC quotes (3), do I need to fill out 3 different applications
I was told to get (3) 'HELOC' quotes but my wife said I have to apply for that type of loan BUT do I have to apply (3) times to get those other quotes also? Or is there a simply way on finding out how much I can use ...
Michael DeVane
HELOCs on Rental Properties
After extensive research on HELOCS, I found only one bank (or credit union) that offered a HELOC on rental properties. They only allow a 60% LTV and a rate of 6.125% based on prime of 3.25 plus margin of 2.875. Is th...