Andrew Strong
clarification on hard loan to conventional
Scenario is your buying and flipping a single family home. Banks are willing to give me around $70K for a conventional loan. I have excellent credit and a good job. I want 250K, If I took out a hard money loan, flipp...
Elvija Haxhaj
BRRRR Method For Land Contracts
Hey! I’d like to know how to apply the BRRRR method on a land contract deal. The home I’m interested is in the historic district of Ypsilanti, Michigan. House is in living condition but the caveat is you can’t do a ne...
Quasar Alexander
How to get financing for Bed and Breakfast rehabbed from a office
I am trying to see where to find financing to turn this 8 unit office building into a bed and breakfast with 8 rooms. It needs to be upgraded with a full restroom in each unit.Is that a construction loan? Any help w...
Cyndie Rogers
Refinancing a multi-family
I have a multi-family property which is a small mobile home park. I have a balloon coming due next year and would like to refinance the balance with some cash-out to upgrade the units which are showing some age and ...
Rhianna Wann
Finding seller financing leads and structuring the deal
I’m looking for some advice on financing my first rental property. I’m planning on starting with a 2-4 unit property that needs some fixing up but is not a total rehab. Ideally I’d BRRR the property and hold it long t...
Eric Upchurch
House paid off, want to take out cash to invest - help?
Thinking about taking $250k out of a house I just inherited (with two siblings) in the SF Bay Area to invest in RE. Can anyone tell me what strategy I should/could use? HELOC? Cash out refinance? Other?Any issues I sh...
Nuhan Demirkan
Debt Financing vs Equity Financing
Hello,I have been wrestling with this question for a while and I'm hoping you would be able ease my anguish. My three sons, my wife and I have a partnership that owns 15 rental SFH's. The cash flow is good and we have...
Tim Kaminski
Cash Out Refi worth it? First Timer
BP,
Cash out Refi-ing my first duplex. Appraisal came in lower than I would have hoped for. At this point I would only be able to take out about $19K(have about $25K invested in home), going from $1,550/mo paymen...
Chris Cogan
BRRRR Refinance Question
Hi Everyone,My wife and I are looking about getting our first BRRRR property this year. My biggest concern I have with this strategy is that we won’t qualify for refinance once we get past one or two properties. I rea...
Stacey Brooks
Need Some Advice
I have bought and flipped 3 houses in the last year, and have come upon a deal that I want to buy to hold. The owner will consider financing it for me. He rents it out and it has a current renter, but owner has mov...