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Frustrated with banks. Tips on raising capital to purchase rental
Hey all, I have been trying to get a loan for my second rental property and it has been very frustrating to say the least. I cannot go through a bank to get a mortgage. I am currently unemployed, but I have multiple s...
Olu Efunwoye
Need to pull out equity to fund the next deal
I owe a mortgage bal of $126k on a property worth $375k and have about 8 years to pay it off; rate is 3.37%.
I need to tap that equity to purchase other properties. The options I'm considering are:
1. HELOC at 75%...
Kofi Boateng
How much should I charge for rental application fee in Atlanta
Hi,
How much is the competition charging for renter application fees in Lawrenceville, Georgia area?
Marco Morkous
Interest only seller financing
I think we all know benefits of interest only financing as being lower payments higher cash flow. A seller has offered interest only financing for 5 years on a multifamily property. Here’s a concern I have. With unsur...
Michinori Kaneko
Does BRRRR Strategy deteriorate your credit score?
Hi,I'm just getting started in real estate investing, but I have a question. I have a very good credit score (was 800+ when I checked last time). I'm thinking about doing BRRRR strategy. However, with this strategy...
Lydie Darrah
Information on location of loans
Does anyone know where people will work with bad credit and etc. I need help, I thought I had it lined up, I am really smart, and I believe I could really benefit people, just need help getting started can anyone poin...
Raymond Y.
Impact of Too Many Credit Inquiries/Hard Pulls
As I start to accelerate my investing, I am beginning to get hit by more and more credit hard pulls as I am trying to get pre-approved to buy properties. Once I scale up, how do I balance between getting approved and ...
Phil Surdynski
Renter's with no income
I have a prospective tenant that is no longer employed. She states she has sufficient savings to allow for rent. How do I qualify someone who has no stated income... living off of government (SS) and savings? Any ...
Bob Asad
Wouldn't a Subject To Hold the Seller from Moving on?
I've been reading more about subject to and here's what I've learned:-Good for sellers who are off market-Have low to no equity-Have a mortgage with a low interest rate (less than 5%)-Be absentee or out of state (vaca...
Hanyai Bungals
Lending practices - Credit union vs. large bank
Hello,
A bit of background - I am attempting to secure financing for my first multi-family home to the tune of $150k in the Southwest Houston area.
Based on previous advice that I've received on BP, I approached abo...