Mike Matern
HELOC as Down Payment on Duplex
I'm trying to purchase a duplex with my parents. They are considering getting a HELOC on their current home which is paid off in full. The duplex is for sale for $300k. Is it possible for me to get a conventiona...
Sean Dawson
proforma expenses at 60%
'Evening. I have a question for the hive. We are talking back and forth with a broker about a 32 unit building. Rent's look good, but expenses are coming in at 60%. I feel that this is due to the fact the property...
Nate J.
Hypothecation/Collateral Assignment of Note. Realistic Terms?
What type of terms can I realistically expect for a Hypothecation/Collateral Assignment of Note/Deed of Trust? (loan against my dot/note)$50,000 1st position deed of trust/note (only lien on title)Secured by $450,000+...
Andrew Bowden
Newbie... How to Secure your investors investments
Hello, BP Community!
I'm on the hunt for private investors. I have a few people in mind that I would like to ask to be investors. I'm in the middle of writing up my game plan and I hit a wall. Questions start arising...
Grady Gilman
As a newby, is my plan going to work?
I am brand new to real estate, as well to BiggerPockets, and have been learning as much as I can just in the past few weeks. However, I have already found an opportunity I feel I can not pass up, even with as little k...
Heidi Hughes
Buy a car for cash or get a loan and buy more real estate?
Hi BP Community,Here's a random question. I have a TDI Diesel car that VW is buying back for approximately $28K. I am looking for a replacement car. I was thinking it would be nice to use that cash towards another ...
Shirley McLean
Looking for HELOC in Texas
I will need to get a HELOC very soon to do renovations on a house that has 100% equity (paid in full). How do I find a good lender with the best rates? The property is in Northeast Texas and I am self employed so taxe...
Zach Henson
Debt payoff or invest
I just read a post by another member that made me really think. I am currently a senior in nursing school and work a part time job. I have around 20 grand in debt, but have the cash on the sideline to pay for it. I pl...
Michael Plaks
Lenders v. CPAs war: automobile depreciation
How you write off your auto expenses does matter for taxes. It also does matter for loan underwriting. Notoriously, lenders and CPAs do not understand each others' rules and are often locked in needless conflicts. Fre...
Philip Congilaro
buying 1st property
Hay BP,My wife and I are renting a mobile home with the option to buy. the problem we have is neither of our credit is that good. My question is, my mother-in law owns her home. If she puts my wife on the deed does it...