Thomas W.
Has anyone used HELOC as a down payment for investment property?
I am looking to use the HELOC to take the equity from my primary residence and use it as a down payment for an investment property. I am not in a position to use the investment property as my primary residence to hous...
Ajay Malhotra
Best way to Finance a BRRRR
I found a deal and am working with a friend who has a full service vertically integrated firm to buy, rehab and rent a propertySingle family homeAsk = 125, tot after wholesale and closing = 134Rehab = 253-4 weeks reha...
Nana K.
is it ok to use line of credit / credit card to start
I wanted to know if its ok for me to start with a line of credit and/or a credit card. Line of credit interest rate is 9% of 50000. Credit card rate is 11% but 14 if cash advance, limit is 25000. I do now have a pr...
Sawyer Dina
Financing Ideas for a Unicorn of a Deal -- THANKS!
Here's the Deal: We picked up a flip for $72,500 and the neighbor wanted to buy it off of us. His motive is to move his parents into this house because they are sick.We have a signed purchase contract for $115,000 wit...
Chris Phillips
Out of State Rental Property Line of Credit
My wife and I live in Kansas City. We own 2 rental properties outright in Arkansas (one is on the Missouri side one on Arkansas side, both towns are the state line).I purchased them both cash. (A mistake looking back)...
Marty Hyland
Matching Financing to the Type of Purchase
Hey Everyone,So I've talked with a few lenders, and one approved me for a line of credit against my home, I've got about $200k in equity in the house. What I'm wondering, and some lenders haven't been able to clarify,...
Kyle Stueven
How I got my first deal
Investment Info:
Large multi-family (5+ units) buy & hold investment in Sioux City.
Purchase price: $48,500
Cash invested: $28,000
This was a small multifamily deal, 4 unit conversion, that was i...
N/A N/A
About to close on my first condo...and a few questions...
Hey all,
Just wanted to let you know I'm about to close on my first Condo. It's about 10 mins south of downtown chicago. I'm about to close at 157k but the appraisal came back at 165k so I guess that's good.
Recent ...
George Gipson III
Wells Fargo Denied me Debt to income ration to high
Ok I have a lot of choices to make here! I live at parents because I just sold home in December and made about 30k profit. Now I also have a paid off rental my dad gave worth about 140k. He collects rent tho! I want l...
Melanie Parkham
Sewer Inspections- Northern Utah
I work for my sister and brother-in-laws construction Company (we do sewer inspections & replacements) and would love to know how many investors actually go through with the sewer inspections in addition to the re...