Jordan Hanksion
Should I be looking for properties or for financing first?
Hey guys,I am looking to acquire my first property in 2016. I am curious if I should be calling and visiting banks first or should I be searching for an excellent realtor (I understand I will be needing both soon, I j...
Account Closed
If you had $160k in cash, how would you enter the market?
Hey guys - my first post on BP, and absolutely thrilled to be here seeing how everyone seems pretty knowledgeable about building wealth. Was wondering your opinions...
Right now I have roughly $160,000 in expendable ...
Rami W.
How's this HELOC deal compare?
I am shopping for a HELOC with small local banks to see what I can get.Here are details of an offer. Is this pretty much par what you all are seeing? It would be a line over $100m. The loan fee of 1% seems rough. Is t...
Gus Lembo
Credit disputes causing denials
I been puzzled by credit disputes causing denials to loans, especially because I own my home and have bought close to a million dollars in home hopping in the last 9 years. Now that I am trying to buy a rental for 50k...
Jack K.
Better deal with cash?
I'm considering a strategy that would utilize a line of credit (say $75k) to purchase properties in the $30k-$75k range. Once purchased, I would utilize the LOC to update the property and then advertise for rental. ...
Kimberly Christenbury
Lender that will lend without seeing property
Hi all. I have a property under contract from auction.com. It is a Wells Fargo foreclosure. The HML I was trying to use requires getting into the house for an inspection before they lend money. Wells Fargo will not al...
Catherine Davies
Creative Financing Help! Can 60K buy 5 Shortsales? How about 10?
Hi, thanks for checking out my post.
My husband and I, along with a small investment team are ready to scoop up some investment properties.
I’m a beginning investment real estate agent; he is a general contractor...
Art Martinez
Primary residence turned investment property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $263,000
Cash invested: $10,000
3 Bedroom, 2.5 bath villa style home. Originally purchased as my primary residence,...
Shiv Jey
What would you do?
I wanted to ask everyone what you all think my best strategy should be. Current status:Wife and I are employed and rather high-income earners (total household income >1M), but because we are employed, we are getti...
K S.
Becoming a private lender question
I lent money to a flipper in San Diego who claimed bankruptcy and fled to Canada. I then realized the lender made over a million dollars when he foreclosed on his property. I was wiped out as second lien holder which ...