Ilya Plugovoy
Best bank/credit union to work with in Minnesota
Hey all. I am new to BP and MN. Moved here from CA 3 years ago for work and have been looking to get into real estate investing. I've been doing lots of research and was thinking that the best way would be to get a HE...
Ryan Ahlgrim
Business Line of Credit
I’m planning to do some buy and hold investing in 2014 and am looking to use a business line of credit for my down payments when purchasing new properties. Depending on the lender, they will require a 10% - 20% dow...
Brian Garrett
Anyone familiar with this type of loan? 🤔
I was just talking to lender who said they offer a loan for primary residences and secondary homes that requires no income or employment verification. All you need is a bank statement showing you have the down payment...
Dennis Nelson
Investor gone bad?... Mark David, aka Aguirre.
I am tired of reading this guys complaints about Charles Sells. I have first hand knowledge of what happened to this investor when it came to completing his obligations for investments and he gained more than he lost....
Jon Schwartz
HELOC: lower APR vs. interest-only payments
I'm going to apply for a HELOC on my primary residence to fund BRRRR properties. In shopping around, two options beat the rest, and I'm having trouble deciding between the two.Option 1 is a 4.05% APR with interest-onl...
Kevin Ellerton
We have access to $100k but no income. How can I start?
Hi all! N00b investor here.My partners and I want to get started with a career in BRRRR.We have access to around $100k of cash between us, and good credit, but none of us can show substantial income on tax returns.We ...
Dustin Wright
Can you take 401k loan to buy rental property?
I have found an REO property for 29k. It would make a great rental property with minimal work. I have been considering a 401k loan since it would be so hard to get a traditional mortgage for this amount. Is this allow...
Ajeet Ganga
What % of rental income can be showed as future personal income to get the bank loan ?
I am working to get a bank loan on multifamily, with cap-rate of 8 with price of $1million+My personal income alone will not be sufficient to show the loan repayment guarantee. The property is making about $80K, in NO...
Pedro Urena
private money, how to best setup the transaction
My wife and I are about to close on our first property a 2 family in NYC and I'm already thinking as to how to get the next house. We have a family member that can loan us money at less than 3% the problem is that the...
Account Closed
Conventional Mortgage with less than 2 years of part time work?
Hello,I am looking to buy an investment property in the Southern California, Antelope Valley area on a conventional loan for a house that would range between 60-100k and putting up to 30-35% down on the house. But, I ...