Dan Host
Financial folks, I'm stumped. What's my best first loan option?
Hey there! Sorry for the long post. The urgency will be clear by the end, I promise. I'm ready to buy (or so I thought) my first investment property. I've got great personal credit, about $70k in liquid assets that I'...
Steve R.
Binder of financial info and rental portfolio for bank loan
Hi guys! I know I heard @Brandon Turner talk about a binder that he puts together of financial info and properties to give to a bank when he is getting a loan. I love this idea, but I can't find any info about it on h...
Bruce Bennett
Submitted Loan App. to Dominion Financial. So Far So Good.
--Day 1: called and tt l/o regarding refi of Quad. Liked what I heard, decided to move forward. (They have 30 yr terms, Rates in the 4's....hip hip hooray :) Received Loan Questionnaire.--Day2: submitted loan ques...
Denham McCall
Lenders who loan based on investment property financials not individual
Hi,
When purchasing a rental property are there lenders or loans available that are financed based on the finances of the investment property and not the person purchasing the loan?
Let me clarify with an example. ...
Jennifer Nesovic
Anyone used Estate Financial out of the Michigan for DSCR loans
Hi BP's -I am investing in some units for LTR and STR in both Mississipi and Alabama preferably with a DSCR type loan. Has anyone used Estate Financial? They are relatively new (2020) but have great reviews . They se...
Josh Milewski
Any Tips For Contacting A Financial Institution For A Loan Assumption?
@Clay Reddick and I got a deal that we want to assume the loan on. We've confirmed the loan type is generally assumable and have the financial institution information we plan to call later today. Any tips on how to na...
Isua Mbang
Has anyone used the “All in one loan” with CMG Financial?
I came across this loan product and was wondering if anyone has or is currently using it. It is basically taking your mortgage loan and having a 1st lien on it and it’s essentially a line of credit on your mortgage bu...
Barry Smith
Financial Experts - Refi to pay off credit cards, or leave loan balance?
Are there any financial experts out there who can answer this? Is it better to refinance a house and increase the loan balance to pull equity out and pay off the business credit card balance... that is eating up month...
Ezra Nugroho
(How) Can I buy my own note with self directed IRA?
Hi all,I am considering doing a small private lending which would provide me a 1st position note on a property. Closing is expected in 3 weeks.I'd love to be able to service the node using my IRA money, however it is ...
Account Closed
Buying a sinkhole house. Need to finance. Need advice.
Hello, I'm a new member of BP and in a unique situation. I need to find a way to buy the house i'm currently renting.
I'm new to real estate experience wise but I've read just about every article on this site, none ...