LaVerne Mitchell
Simple Interest Mortgage
Is anyone familiar with this scenario where a person buys a house with equity allows buyer to pay 3yr simple interest mortgage( pay interest) then sells to buyer to refi or purchase?
Mike Dami
Reviews on Hard Money lenders in New Jersey
Hi guys,I live in New Jersey. I’ve done a few rehabs and own a couple rental properties but I would like to begin flipping houses. Well actually BRRRR’s but I will not have all the capital to take the projects alone. ...
Pavel K.
Best HELOC Strategy for Buy and Hold Properties?
Hi all,I'm curious as to how some of you are utilizing HELOC and strategies when it comes to investing in buy and hold properties/rentals. Let's assume I will not use it for fix and flips or short term deals. Here's a...
Angela Beers
Seller Financing Question
I need some ideas on how to pitch seller finance for purchase + rehab! 8 units, vacant, needs a full reno from office spaces to 8 apartments. Purchase price 700K reno 500K all in 1.2M. ARV 2.2M - Exit strategy DSCR 30...
LInda DuChene
HELOC loan terms - best way to go?
We're considering the purchase of our first buy and hold rental investment property using a home equity line of credit. What is the best way to go? 1) Variable rate loan 2) Interest only lock for 3,5 or 7 year term ...
Justin Simkins
Do you have to pay monthly payments on a HELOC?
Hey All!
Newer to the RE investment world and I was curious how a HELOC works as far as repayment is concerned. I know they’re simply a line of credit structured around your current equity in a property, so do you ju...
Kyle Pettit
Private Lending Terms ?
Today, I have been educating myself on private money. A few posts came very close to answering my question (or maybe they did and I can't quite wrap my head around it).
On a typical Private money loan, what is typica...
Ben Kirchner
HELOC repayment on adjustable interest rate?
I'm looking into taking out a HELOC for a future investment. I understand the HELOC fixed rate repayment (just like a mortgage). What I'm not sure I understand is the HELOC repayment process on a variable interest r...
Sean Elliott
Increasing cash flow using Equity Line of Credit
I'm in the process of acquiring a equity line of credit on my investment property. I am considering doing my own escrow and financing the entire property through the HELOC because the initial rate offer of 8.64% is hi...
Shannon Vistisen
HELOC or Cashout Refi?
I’m looking to purchase my first property this year. I was leaning towards a cashout refi due to the locked in interest rate. But am now wondering if a HELOC would be the better option. How much ch does the interest r...