Hannah Espejo
First fix and flip with no reserves hard money
Hello everyone I have been doing a ton of research in regards to fix and flipping my first home! As everyone knows this market is a little slim however I will be putting in the work. My situation as it stands is tough...
Amanda Williams
Beware of Finance of America
Hello Fellow Investors,Just wanted to put a word of caution out there about Finance of America Commercial. I recently was approved for a LOC of 2.5 million BUT quickly discovered they are selling a bag of goods that t...
Chad Bartlett
Can we raise rent in a newly acquired home with a M2M lease?
Hey, everyone!
We are going to be closing on a duplex at the end of the month (IOWA), and one side of the duplex is below market value. We would like to increase the rent of this unit, but the current tenant has a m...
Ronald Williams
Real Estate Investor
I purchased an investment property using Sherman Bridge hard money loan. I was promised some many different thinkgs than what was actually provided. First, I was told that my downpayment would be 10% of the purchase. ...
Luis C Ceniceros
Cash out Re-Finance or HELOC
Hi Everyone ,I'm looking for some advice on making the best decision overall. My primary residence right now is worth $170k on a 50k loan. Im in the process of closing on an equity line of credit for $90k , which im ...
Gerald Mcmillan
I need advice on a investment property
My friend's mom wants to sale me her property for 50k but it's worth over 100k plus. But she's behind 3k in taxes which is due by the end of this month. I want to buy it and keep it as a rental but if I can't I'll jus...
Buddy Holmes
Line of Credit Note wording
I have an investor that wants a line of credit type note. He would like a fixed rate, 30 yr amortization when using funds.That is fine but i would like some compensation when it is not drawn due to tying up the use of...
Justin Campbell
How would you finance this land deal?
I am looking at 3 plots of land in Columbus to do new builds on. The owner is selling all of them together for around 190k and is willing to do owner financing on the deal, we haven't discussed terms yet. I have never...
Quy Huynh
Best Loan Scenario For 2 Multi-Family Apartment Properties
I have a 9 unit property in Florida where the bank is willing to lend me $318k on (75% LTV; bought for 210k in Oct 2015, value is now 425k). 200k is being used to pay off a private loan and 118k is the leftover credit...
Tam Tram
HELOC have you been approved in the past 1-2 months?
Has anyone been successful in getting a HELOC in the past 1-2 months? Just curious, I am hearing banks are tightening up... wasn't sure if I should go and get a HELOC on my primary home and be successful. DTI is 23....