What is the easiest way to get pre-approved?
So I’m just getting started in real estate investing and here is what I found out.Hard Money- most will not lend to new investors. Or require an LLC. Credit low, you will need 20% down plus pointsAny other lending opt...
Hello I've been talking to three banks and I have been inquiring about potential interest rates I could get if I were to get prequalified with them for a conventional loan on my first investment property. I don't have...
I'd like to setup a HELOC on my house and purchase another multi-family.1. Once the HELOC is setup, do I need to draw the funds into my bank account (for the down payment), or can it stay as credit until I purchase th...
So I’m purchasing properties in Indiana right now and working with smaller banks and want to get my capital out of the property. I’m just not sure if there is a standard waiting period before I can refinance these inv...
In a high-interest rate environment, every penny counts when it comes to managing your finances. One area where this is particularly true is in paying down your mortgage. For most people, their mortgage is their large...
Hey guys, I am attempting to start an off-market deal. I am planning on doing a cash offer. My plan is to BRRRR it. The question I have is when I refinance it will I be "paying myself back"? I am just a little skittis...
Hello BP Fam,Most DSCR lenders I've spoken to have a penalty for selling a property within the first 5 years of purchasing the property. Does anybody know of a lender that has DSCR loans that do not have this penalty...
Hi folks!
I'm not sure if this is the right section on this forum to post this but I wanted to get some advice from you pros.
I am thinking about purchasing my first home early next year and have few questions. Let ...
Hello,
I have a tenant who plans to buy my house in about a year when his credit is good enough to allow him to do that. I told a realtor about the situation, and he briefly talked to me about a program called NACA t...