Chase Guelette
Equity in Wholesaling?
Hey BP, why is it necessary for a seller to have higher equity in their home when doing a wholesale deal? What happens if they don't have equity?
Justin Lawrence
Multi family advice on financing
Hello everyone. I'm looking at buying an 8 unit. I am having a hard time coming up with some of the 20% to put down. Looking for some creative ways to come up with the remaining amount. I do have an owner finance note...
Deborah Tuck
Lease option vs seller finance
I have a property apx 50% lvr. Bought with a private loan from my dad. Habitable, but needs some rehab. I hate being a landlord, need some cash up front, but want to look longer term than wholesaling or flipping.
My q...
John C.
Finding a piggyback mortgage for a MF property?
Good morning BP,
Long-time lurker, first-time (very enthusiastic!) poster.
I'm looking to make my first foray into RE investing, having spent a decent amount of time analyzing potential properties. While I have the...
Account Closed
Rehab loan question
hello community need your help on this one. I found a great property near the Tampa area, locked in a great price for this 3 unit. However, it needs some work, new roof, stairs etc, tell me as a non owner occupant inv...
Lexi Narducci
15-year fixed rate vs. 30 year fixed rate when trying to expand
I bought my first home in August 2020 and took out a loan of $450,000 with a 2.5% interest rate over a fixed 30-year period. Not surprisingly, most of my monthly payments are going towards interest with the 30-year fi...
Ernie Gutierrez
If I have Heloc can I cashout refinance?
Input requested. Thank you I have 150K equity in current home and just closed on Heloc and have zero balance on 75K HELOC credit line.Will I still be able to do a cash out refinance to have more accessible funds for r...
Matt Devincenzo
Re-performing note files Ch 7
I hold several re-performing 2nds in my IRA which are serviced by FCI. This morning I got an email that a borrower that was modified ~2 years ago and has been paying since then on time ect, filed Ch7 on 12/23. I'm loo...
Nick Causa
Cash out Refinance on Personal home
Complete noob but that seems to be ok around here. 2 questions and I have no one to ask advice from. (1) I would love to get started with a rental property and own a personal residence that has appreciated from the ...
Josh M.
Lending (Heloc) questions
Hi, I have a few questions about using a Heloc and getting a loan for a second home (vacation that I do intend to stay in part of the year.)Scenario:House value:250KLoan balance: 50KEquity: 200KGoals/Plan:Get 10 STR p...