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Is it a better option to use a HELOC or home equity loan to finance the down payment on your next property? What are the pros and cons of each?
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I'm in the Minneapolis area, I Just put in my first offer on a single family property. I am pre-approved for all three options. I guess I am really looking for a good CPA that can help me with the tax advantages vs co...
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I am looking to find financing for equity I need to acquire to begin two condo projects. I also need some other “soft” costs (origination fees, etc.) taken care of to get the deals going for each deal. I have a loan f...
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I found a home equity lender that can do 85% LTV, $600 in closing on $50-100k for a rental property in Rochester, NY.
Is this the best out there if you want to limit your out-of-pocket cash?
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Hi - I am looking for an advice on whether or not choose Home Equity Loan or Line of Credit. I understand the basic difference between these two financing options. What I am trying to do is to borrow enough from eithe...
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Hi all - first time poster, but have a question on best approach. My current household I used a 401K loan as a down payment. There's 36k remaining on the loan. I am currently putting an in-law suite addition on the ho...
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What would you do in this scenario?Investment Property with equity of approximately $75k.Student Loans of approximately $50k (Overall Effective Interest Rate 5.25%)Would you sell the property to pay off the loans, o...
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Hi everyone. I am in the process of purchasing my family's long time vacation cabin from my Dad. Its a small cabin located in Linville, NC. The property is probably worth $50K-60K but my Dad is giving me a great...
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I have an existing investment property which is at 60% LTV.I am planning to buy a PR in near future and need down payment money. Are there lenders out there who'd lend me equity loan on my rental? How do I go about it?
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Hi all, have been binging on BP podcast these days, I keep hearing Mr. Greene mentioning whenever he gets into a project with a partner, he prefers a "loan partner" rather than an equity partner. I am wondering how do...