Eric Fortin
Advice for originating non-income loan using home as collateral
Looking for advice on how to obtain a secured (using property) non-income verification type loan for the purposes of renovating a non owner-occupied second home that is owned outright in order to to turn it into a sho...
Greg K.
Other ways to offer home as collateral besides mortgage lien?
I'm currently communicating with a local large bank, hoping to get a loan to payoff a current terrible mortgage on my house, rehab, and probably flip. What I like about this bank is that once I got on the phone with ...
Ray Thorsen
Cross Collateralize Free and Clear Property to purchase 4 unit
I am writing an offer on a four unit tomorrow in south east Wisconsin. I am looking for the most economical way to leverage a free and clear duplex I own (worth appr 120k) to cover the down payment (appr 35k). Obvious...
Taye N.
Need Money For a FLIP using another house for collateral
So I found a property that I would like to buy and flip the price is 1m. I don't have the cash to buy it. My partner has a home that is paid off and want to use the equity to purchase this home to flip.The house is wo...
Oleg I.
Question about collateral for a purchase of the new investment?
Can you use unpaid (with the current mortgage) rental property or portfolio of the rental properties as collateral for a new loan used to purchase another investment property?What are other types of collateral investo...
Andrew Gerg
Using friend's house (under land contract) as collateral for loan
My friend needs $15k to close on his house, which is under land contract, due this December 2015. How can I use his current house (under land contract) as collateral for the loan? He (& his wife) are willing to...
Jim Lyon
Creative way to use Precious Metals as collateral to obtain $$?
Newbie from Illinois. Been stacking for 5 years Biting at the bit to jump into RE. Look at deals almost everyday.
Need Help understanding if PM, as collateral, can be my spring board to a RE purchase, without cashin...
Grant Sevek
Cash Out refinance on rentals OR Collateral for Commercial Loan?
I am working on a new planned development to build multi-family Condo's. Should I use a cash out refinance on my existing rentals for the down payment on the 1st commercial loan, or should I let the commercial lender ...
John Thedford
1st DIL-Borrower States They Are Giving The Collateral Back
I did a HML for a guy about 9 months ago. Before that he had another loan with me, always paid on time, etc. So the second time around I BROKE MY OWN RULES. I gave this guy 100% of purchase price. Now, he called and t...
Chris Paez
using equity as collateral for private or hard money loan
So I have a rental property that has about 150k in equity, rather then cash out refi can I use this as collateral to fund a purchase and rehab of a mixed use building to grow my retail business (10 years old with prov...