Taylor Rees
Seeking lender advice...Any hope for me qualifying?
Hi,Thanks in advance for any advice/input...I'm wondering if/how I can qualify for conventional 30yr financing on rental property (1-4 units). Here is my situation:*I'm a small business owner with no W-2 Income for th...
Christopher Lane
Here’s a stupid question, but hear me out...
Hey everyone, I think I have a stupid question, but the more I think about it the better it actually sounds. I’m looking to buy my first property and the only thing holding me back is a down payment that won’t complet...
Kyler J Sloan
Refinancing out of Investment Property
I have a house I would like to buy for now as an investment property.However, I would like to convert a shed that is sitting on the place into an ADU and live some distance away from the house. Could I potentially ref...
Juan Rodriguez
Buying a REO but I have a defaulted loan with the selling bank
Hello all, first time poster here. So I'm planning on buying a REO property which seems to be a great investment. The issue is that I have a defaulted second mortgage loan with the selling bank, so the question is; if...
Sarah Williams
Can we foreclose on a property without a lawyer?
We are property owners that went into an owner financing situation on a deal with a buyer. The buyer defaulted on the loan, and we need to start the foreclosure process. Can we do this on our own? If so, what would th...
Jon Colin Chisholm
Lending options without 2 years same industry
Hello, new member here. Looking to get into some small multi-family as soon as possible. Just got into a new job 6-7months ago(in real-estate Acquisitions for off-market deals) and therefore would likely have to wait ...
Faiz Kanash
Any advice about how to get a business OR personal line of credit?
Hey guys! Im looking for advice here.I've been looking into trying to open up an unsecured line of credit, mostly through my business. The issue is i've been mostly getting denied simply because of the fact that my bu...
Henry Bagh
Need Advice on Financing a Residential 6 unit property (LOS ANGELES)
Hello, I'm looking to buy a residential 6 unit property (which would require a commercial loan). The purchase price is $1.8m, and I have $750k cash. What is the best way to go about this? Ive called around, and there ...
Matt Nelson
Advice on getting equity out of a rental in Washington state
Hello all, first time posting here. We have a rental in Washington state. It is almost paid off. We would like to take out 90k of equity and the property if worth about 250k. What’s the best route to access the equity...
Asher Carr
OWNER FINANCING OFFER W/ MORTGAGE ON HOME- WHEN?
Hi everyone,So I understand that owner financing works best if the home is free and clear. However, I was wondering to what extent would you consider to offer that option to a seller that has a mortgage on the home. T...