Ty Downing
50,000 line of credit
Starting a small business and the bank is willing to loan up to a $50,000 dollar line of credit with possibly a $50,000 dollar credit card. Interest rate on the line of credit is 1% plus prime and 5% plus prime for th...
Pete Storseth
DTI vs Credit score
Credit score 710. DTI high. Income low. Hey guys, here's my question. I'm trying to lower my DTI by paying off one of my loans early and another credit card. But I still have two cards left I cant pay off yet. I will ...
Joe S.
Financing short term rental furnishings
I have several nice single-family houses that would make a good short term rental. I really do not want to spend my working capital furnishing these properties. Is it common for people to find private lenders that wi...
Shiloh Lundahl
It's NOT a crash, and it's NOT a correction, I think it's this...
I keep hearing about a crash or a correction in the real estate market. I don't think it is going to be a crash or a correction. I think there are multiple things going on, but mostly I think it is the economy. Let...
Rachel Murphy
Debt-income ratio too high for loan approval
Hello everyone,I recently got in touch with a mortgage broker so he could run my numbers and tell me what I could afford to purchase. He came back and told me that my debt-income ratio is already at 58% WITHOUT consid...
Danielle Odagbodo
Looking for Short term loan - closing ASAP OR Oct 18
Hello, I'm trying to buy this property in Baltimore I was wondering if anyone on BP could do a short term loan for the purchase and after we renovate and rent the property we cash-out/ refi into a 30-year note to repa...
Allison Karrels
Mortgage Math Question
I was running the numbers the other day comparing stack vs snowball for my 4 rental property mortgages and I wondered if there was a 3rd option for debt repayment specific to mortgages. For a mortgage your payment...
Russell Cooley
New construction Business plan for financing
I am a platinum card member with America express and I spoke with them about backing me financially to build 3 new houses in a booming northern Colorado town which I figured out take $250,000 each. They want me to sub...
Jeffrey Smith
Buying a triplex from in-laws creatively
I currently have a home of my own with some equity I'm sure of but I am looking to buy this triplex from my 2 aunt's & 1 Uncle in-laws...They're motivated being that there parents died and now they just want to sp...
Trevor Lowe
Rental purchase using HELOC as Down payment.
Hey guys and girls, Game warden from Kentucky seeking some advice for a rental property I have under contract. What do you think my best option is for coming up with the Down payment for this property? I have a HELO...