Dustin Sanders
Purchase Primary Residence (house hack) w/o Income??
How would I get a loan for a new primary residence without income verification? I’m thinking of buying a duplex and living in 1 unit, renting out the other though I’ve quit my job and currently living off of my rental...
Chris O'brien
How do mortgages work when building a house
Let's say I'm building a house and put down $50k, which would be well over 20% of the total costs, maybe even 30%. Do you agree on EXACTLY how much the loan would be for before the construction begins? Is there any ...
Taylor Wisnewski
Best options to use the equity in the properties I already own?
I currently own 3 rental properties (1 free and clear), in addition to a primary residence and secondary residence. The three rental properties were purchased in my name and then deeded into the LLC that I use for my ...
Amanda Rose
Advice needed - Buying personal home after investment property
Hi!! My husband and I bought an investment property in 2021 for short term rental in dallas area using host financial (dscr loan). The taxes are really hurting our cash flow bc they have no appreciation cap. Essential...
Charles Thurber
Commercial Loan Cash-Out Refi
Hey all,My partners and I are in the midst of a 4-week flip on a BRRRR Property in Texas. We purchased the property in cash and are looking for a cash-out refinance. Since this is a partnership, we are performing t...
Ratna E.
Lender's req on borrowing money for investment property
Hello BPers,I can't thank BP enough for the motivation it gives me every day to pursue my real estate dream. It is a great platform to learn and be motivated.I'm in a situation where I'm under contract on a SFH and I'...
Matt Meier
Seeking Short-Term Financing Options for Renovation Property
Good morning,
I’ve come across a renovation property available at a significant discount and would like to secure it without going the traditional 6-month financing route. We estimate the project will take less than ...
Shane Gordon
HELOC BRRRR and CASH OUT REFI
I am a newbie real estate investor and will be using a HELOC to pay for the purchase of a house including rehab costs. Couple questions below:
1. Should I be getting preapproved to get a cash out refi, will the banks...
Drew Slew
Buy 2nd home with credit card
I just bought my first house 2 months ago. 750sq ft 1bedroom (layout makes it 2bedroom) in Union City, NJ, 145k, put 30k down, 30yr mortgage for 3.5% rented room for $800/m, total cost PITI+maintenance is $1100. Its m...
Todd Hoggatt
Quickbridge Funding Scam or Legit?
Has anyone had experience with a company called Quickbridge? I received a letter stating they have approved me for $500K small business loan. I'm assuming this is a scam but wasn't able to find much on the internet ...