Marko Balac
Need more funds, what you think about gap funding
Hey all I’m a contractor with a heloc of 80k in nj, would need more funding for what I want to do, new to rei, my Hard money lender recommended a gap funding solution company, I spoke with them and they said they can ...
Erik Garland
Just get the money already!
Am I missing something? I've got North of 150k in sfh's with my LLC. I want to get a business loan, 5 year term, 15yr amortized, around 7% APR: rougly 70k loan. LTV would be 70%. I WANT TO DO A FLIP!! 5 years studyin...
Chris Schuler
Looking for advice on purchase strategy
I'm looking to pick up a multifamily property off-market, but have recently used a lot of my available capital improving another property prior to a refinance. Although my debt to income is excellent, and the requisi...
Kathryn Carter
How do I hold & rehab without using a hard money lender?
Most hard money lenders are requesting down payments, which I do not have, but I believe I have a really good residential home in a great school district. I really want to hold on to this property, rehab and then flip...
Tony Cavalli
Did you make your 2013 goals?
I see a lot of posts regarding goals for the upcoming year 2014 which is great, but I thought discussing our successes and failures of 2013 will help contribute to the successes of our 2014 goals.
Andy Krzanowsky
which rate/terms should I go with?
Rates currently running at 4.125% on a 30 year with 20% down and 4.375% to 4.50% with 15% down.I am purchasing a SFH for $160k. Putting less down would save me about 8k in down payment to help build my next down paym...
C Rich
Have you ever offered cash, but funded with a CC?
For most properties, lenders won't do a deal if a property needs work. Choices are HML or local banks. If you didn't want to deal with that, but have good credit and a 'charge-a-plate' (hee hee), have you ever purch...
Michael Carbonare
Sometimes It's Better To Be Lucky Than Smart, Or How I Made $30K On My First Deal
30 years ago I closed on my first real estate deal. It was a foreclosure, owned by the Resolution Trust Corporation. The RTC was a federal agency created in 1989 to resolve the Savings and Loan Crisis of the 1980s, wh...
David A.
Can I use Convenience checks to start off my rehabbing business?
Twice a month I have been getting checks from Chase and Discover offering $10k, $12k at 0% interest for 12 months. I usually shred them on the spot but was wondering if I can deposit them in my account in order to sh...
Christopher Schmidt
2013 Results
In 2013, I set out to better track the performance of my rental properties. I wanted to treat it more professionally, at least from a documentation perspective. Here’s the results of my properties, 2 duplexes, or...