Nazgul Tataeva
Have duplex and live in one unit-Cash out or Heloc, refinance ?
Hello,We bought a duplex 7months ago and living in one unit and renting other unit. Now, we would like to buy a house with a good school ratings and rent our side too. Market is hot now and I was thinking to cash out/...
Paul Ellington
Question about Terms of HELOC
My wife and I are scheduled to close on a HELOC this upcoming week and throughout the process banks advertised interest only payments during the draw/advancement period of 10 years. When I received the final paperwor...
Nate Pummel
How should I be looking at a BRRRR deal?
Hi everyone! I'm looking for some guidance regarding how to truly evaluate a BRRRR deal. I have a deal I'm evaluating that is an 11% CAP, $260/month cash flow with a cash outlay of $15k before I refinance. I plan to d...
Scott Ellis
Repaid HELOC - Does it need to season?
Here's my scenario with hypothetical numbers. I'm in Spokane, WA.I have a $50K HELOC that is maxed out. I have a personal line of credit for $50K with a $0 balance.I can use a HELOC for a down payment on a convention...
Erin Elam
HML question - Why can't i think straight???
Please help my brain fog!! When using hard money ... say the HML wants monthly interest only payments. Do you have to also pay 'mortgage' payments to someone else, insurance, the utilities OOP? Or does this get paid ...
Lydia Woods
Buying fourplex unit
My plan is to buy a fourplex in 2020. I have rental properties I was fortune enough to pay cash for and also repairs. I have one that will be finish in March and that will it. In 2019 I’m getting somethings in order ...
Corey Dutton
Dodd Frank Forces Some Hard Money Lenders to be Licensed – How Will This Affect Your Business?
Most mortgage brokers have felt the pain of the Dodd Frank bill but it doesn’t just affect traditional mortgage brokers. Depending on your State, even hard money lending, that has been largely unregulated in past year...
Jonn Vidal
Even $100 limit credit card reported monthly, but not $5,000 apt?
Whilst all credit cards and even most residential & commercial landlord companies (Blackstone, Spectrum, LeFrak, GE, ING, etc) report rent payments (or lack/lateness) each month to major credit bureaus, virtually ...
Account Closed
can you buy a house with a credit card?
I have my first deal under contract. will close in the next week or two as soon as the title company is done with their work. I have a pre existing commercial line of credit set up that makes me the equivalent of a ca...
Travis Mathews
What is a "good" credit score?
Hey everyone, new to the community. I'm young, but got a bit of a late start to the credit game. I just got my first credit card almost a year ago and my first auto loan about 5 months ago. I've been doing well at pay...