A local credit union has approved us for a 100% LTV HELOC on my primary residence. I will be able to access a line of credit of approximately $130,000 (Which will be more than enough for flips im looking at). I guess ...
Have you ever had difficulty getting a loan with poor credit? What alternative funding options did you explore?
Asking for help from experienced investors.We are buying and rehabbing an investment property for Airbnb. It will be an all cash deal so I can minimize the financing fees (buying and refi) paid to hard money lender. I...
New to BP and RE investing, but not new to property ownership. I am 38 years old, own one second home worth $1m (paid off) and I have $2m equity on my primary home. In addition I have $1.5m of cash ready to invest. Fo...
I have been reading these post for a couple days now and been overwhelmed with great information. My main question is is there a book or something I can get to help me understand how to get started without alot of mo...
Has anyone had experience getting a line of credit on investment properties? What are the LTVs, requirements? Thanks!Matt
So initially i was told by my loan officer that did my refi on my primary, that if i tried to do cash refi on my rentals that i would run into the 6 month seasoning rule. now after 4 months I spoke to his manager and ...
Aloha BP!If an owner was willing to seller-finance more than 30% of the property's value, would a lender be willing to loan me the remainder of the deal? For example:Property worth : $320kSeller-finance : $120kLoan : ...
What do you guys think. Have a bank that can do a cash out refi with no points at 4.875% 5/1 ARM 75% LTV and another bank that can do 4.875% 5/1 ARM at 80% LTV but with 1.25 in points? Value of the home is approximate...
The idea is this:
Gather investors to build a down deposit amount, pay them a % interest rate for 5 years. Get a 5yr 30yr-amort mortgage and carry the mortgage until that 5 yr term is over.
The question is, can I re...