Is there a hard money lender for individual that does not qualify for traditional loan?
Hello. My wife and I are looking to purchase a primary residence and don't qualify for a traditional mortgage because we are FT real estate investors (and therefore are self-employed). Our income consists of cash flow...
Hi Everyone!I've read a few of the BP books (No/low Money down, Rental Prop Investing, Ultimate Beginners Guide, etc.) and am currently on David Green's BRRRR book. I've come across a few times that some have used a H...
All,
I am hoping to get some feedback here w/ potential seller financing (I am the seller). I am a lawyer by trade and am generally not too good w/ understanding tax numbers, etc. I will try to keep it simple - any f...
Hello all!My wife and I are building our first home in Las Vegas and will be completed next year in mid-summer. I am eager to get my feet wet on a first rental/BRRR property before our home is completed.What would be...
Hi everyone! So, I did so well with my first investment property (we bought low in Ocean City Maryland, put a lot of sweat equity into it, and rent it out on airbnb ) my parents want to partner with us to do a second...
I have a property that is own free & clear but am having trouble getting a loan do to high credit utilization & no extra $ to pay off to get credit score up for Traditional lenders . But if loaned the $ on fre...
Hello All,
It is great feeling to join this forum.
Here is my situation and my questions:
Situation :
1) I bought an investment property (condo-1bd/1bt) using HELOC (prime + 1.25%) out of my re...
I have recently purchased a house that i have moved into. I purchased it using my business line of credit from a local bank who holds the mortgages to many of my properties. I intended to refinance the loan on a 30 ...
TLDR: when using a primary residence HELOC as a down payment on an investment property, you are effectively financing the entire purchase. How can you ever cash flow at 100% DTV?
Longer story: my wife and I recently ...