Gregory Hunt
New Cash Out Refinance Requirements
Hello there! Could someone give me a little more color on the new Fannie Mae guidelines for initiating a cash out refinance? Would love any thoughts around how BRRRR strategies are changing with this new update! https...
Paul M.
HELOC or lien?
I heard local banks will use your equity in existing properties as a down payment for an acquisition by placing a lien on that property. In the past I have taken out a HELOC, used that as the down payment for the n...
Sydnie E.
What's the difference between investment financing and hard money lending?
Is there a difference between hard money lending and investment financing? What are the advantages and disadvantages of the two?
Dwayne Rowe
Accessing equity from multiple properties
How do I access equity spread across multiple properties? I currently have about $600K in equity spread across seven properties. Is any bank offering a HELOC based on the combined equity?
Carol Houston
Can rentals have LOC on them?
Is it possible to pull a line of credit out on a rental duplex. We have a duplex that We refinanced(02/2021) with our current mortgage company We were unable to pull equity out even though we have about $600K in equi...
Crystal McVay
Need Help with Financing
I have equity in a property (condo) and I want to use it to buy my next property. But I don't want to waste my time going from bank to bank to see who will offer me a HELOC. Should I just go on Lending Tree? Are there...
Peak Deshawne
Can I Leverage Equity with a Private Money Lender?
Are there lenders out there that will let me use my equity in my current portfolio as a downpayment against another purchase? Basically what Im wanting to do is avoid refinancing because my employment status is a bit ...
Erick V.
Borrowing funds to buy NPN
When you borrow money to purchase notes, how is that personal loan secured for the person lending the money. I have a person willing to lend me money to purchase npn but he wants to know how he's loan is secured si...
Philip L.
Structuring a deal - What are my options?
Yesterday I agreed to purchase a house in Michigan sale price is $110,000
The seller is asking that I pay $40,000 upfront to eliminate the current mortgage then the remainder $70,000 on seller finance for four years ...
Bunmi Alonge
REIT RE transaction
WHATS LENDER WOULD BE BEST FOR THIS?Below are answers to the questions that give a synopsis of what we are looking to achieve. Also see the attached working draft term sheet of a revolving credit facility that lays i...