Jayson H.
Lender admits appraisal is for "liquidation" value!
I'm under contract to purchase a SFR for $135k. I'd conservatively estimate FMV at $145k to $150k. The local credit union I'm working with to finance the deal has performed a $450 "real estate evaluation" (i.e. off-si...
Albert Hepp
SmartMove and Social Security Verification
I just used SmartMove for the first time and it was great except for one big problem. It is likely the last time I use it.
I like that in the application phase a prospective tenant doesn't have to give me all their ...
Kyle J. Cooper
Consumer Debt Payoff
Payoff student loans and other consumer debt before investing in a house hack or rental properties?
Marc Belisle
The much-debated student debt issue
Hi all, I've been reading a lot of posts going back a couple of years on student debt and REI. There are many opinions and I find that each situation is different based on age, job and where someone is in their life. ...
Account Closed
Personal Loans for purchase and rehab?
Recently, in working to start up my investing business, I stumbled onto the idea of using large personal loans for funding purchases and rehabs of rental properties. Once tenants are in place, I would refinance to a p...
Isiah Ferguson
2 properties, I have which are both free/clear WITHOUT a job
Hey BP.I was wondering is there a way I can refinance 2 properties that I have which are both free and clear WITHOUT a job. I looked into a hard money loan which based off an individuals' assets in total and it is a 3...
Nik Moushon
Are HELOC based off Tax Accessed Value?
I am working with a bank on a construction loan for a duplex. I need between $20-25k to put up as a bond for the utilities (long story but the city has required it). My problem is that I need this money so the city c...
Leigh Ann Smith
Wells Fargo Businessline Line of Credit
We have a business unrelated to real estate that is a sole proprietorship (no LLC). An offer came in the mail from Wells Fargo saying that our business is pre-qualified for a BusinessLine line of credit of up to $100...
Account Closed
Subject To?
Hey Everyone,
I am very new to all of this and I had never heard of a subject to aka sub-to before. I really do not understand it at all!! If someone could simply tell me how it works, what it accomplishes, etc. I ...
Dave Forman
New Guy Introduction
New guy here hailing from a small town 40 minutes west of Houston,TX. I enjoy my work and I also lead the music for my local church. I'm currently the GM for a welding automation company in the Oil & Gas market th...