Dalton Skach
Interest only/partly amortized loans Colorado
I am wondering if anyone knows of any federal banks or lenders that are offering interest only or partly amortized loans. I do not have the income or the capital to pay the conventional loan payments on a $600,000 p...
Thomas Parr
Issues with a private lender
MY situation is this: I own a single family rental that I want to refi or perhaps sell. The lender is a local private individual who has helped finance several deals for me over the years. There is a substantial discr...
Anderson Charles
How did you get started in private lending?
I am an landlord and own 5 properties, 3 are free and clear. I just finished the private lending book, so I feel like a brand new private lender - hence the starting out post. For those that do private lending - what ...
Bryan Plumb
Best way to pull equity out for first investment property
Our situation:End goal is to have a single family home in Maui in a few years...We have roughly 257k equity (conservative estimate) in our single family home after about 7 months of ownership (thanks to locking in our...
Isaac El
First BRRRR - but what happens when you can finance too much?
Hi, I have been listening to and reading a lot about BRRRR and I am all for it, have been looking for property to fit the model for a long time to get started out. I found a property that I was planning on fixing an...
David Zinn
#askbp 15-yr vs 30-yr mortgage
@Brandon TurnerHey Brandon!What's better: a 15-yr mortgage or a 30-yr mortgage?I can still cash flow just fine with a 15, so I decided to take it (PITI with the 15-yr is $550/month, while it is $350/month for the 30-y...
Ben Fulcher
Closing on 6 Unit Property Today
So today the wife and I are closing on our first real estate investment. It is a 6 unit complex we are buying for 146k. We should net around 400 in cashflow monthly which includes 15% for repairs and maintenance as we...
Gary Parker
More Dodd Frank - Interest Rates
Thank you Brian Gibbons and Bill Gulley for all you have posted about this subject. My brain really hurts. Assume I buy a house using a portfolio lender for long term financing and they loan me 75% LTV after th...
Joseph Liechty
Using HELOC to pay off mortgage
Hello,Does anyone have experience using a HELOC to pay down a mortgage? I recently heard about this strategy and I'm intrigued. I don't understand how this is more beneficial than just paying more towards the princi...
Brian Johnson
How can I lower my monthly mortgage for my duplex?
Hi All!I have owned a duplex now for almost 4 years. It was my wife and my first home purchase in Wisconsin, and it's been awesome to have the capability to have an owner occupied place coming from living in one bedro...