Natalie Hahn
How do you choose which HELOC lender to apply for?
How do you choose which lender to apply for a HELOC? Is it best to just go with whoever has the lowest rate? I've heard that credit unions are usually good...but does anyone have any specific recommendations? Also, HE...
Adam Duncan
Undocumented rental applicant
Hey everybody got a quick question. We’ve got an applicant for one of our rentals that is undocumented. Anybody have any suggestions on how to run a background check if someone does not have a Social Security number???
Tim Daniels
Private lending LLC denied banking accounts - options?
Hi all - I’m starting up a lending business, all was going fairly well until I was told by all the banks in my area that they “are unable to establish a bank account for anything that is financially related.” Have al...
Christian Requejo
Pros and Cons between HELOC and Bank Construction loan for New home construction
Hello everyone, I need advice in reference to using a HELCO or Bank Construction loan to build a new home. I have a lot and I want to build a new home on it as my primary residence. I currently own a home with a lot o...
Philip Lewis
Current REFI rates and LTV for LLC
Hello! I just finished rehab of a 4BR/2BA property in Sandusky, OH. I'm listing it for sale to see if we can flip it first only because I don't totally love the area to keep as long term rental. However, in the event ...
David Stone
Average rates for commercial loan for 12 unit complex
I am looking at purchasing a 12 unit apartment complex for about 250k. 10/12 units are occupied and the units rent for like $450/month. Was curious what the average interest rate would be for this sort of deal. And wh...
Art Valverde
DSCR LOANS - Any Good Lender Out there?
Hello everyone,Does anyone know of a lender that does 20% down on a DSCR Loan?
David S.
Hello BP Can You Help Please?
Ok here is what Im currently working with. Currently I have about $5.7k and have $300 a week that I can spend on anything real estate related or $1200/mo. I have 2-3 free days per week that I am free before 12:30 AM. ...
Yeng Hawj
Mortgage Broker Ran My Credit w/o Permission
Hi BP Community,Ok so, the mortgage broker that helped me a couple years ago with lending on my current home contacted me to see if I was interested in refinancing. I told him I was interested and to send me the num...
Travis Reed
Is interest rate on a conventional loan at 7.6%?
I do not know much about lenders and brokers and how much rates vary between them. I called my local lender brokerage here in town and I asked what the going interest rate was for a conventional loan for a duplex (not...