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I have read online and on some older forums on here that you can use a home equity loan for a down payment for an investment property. However, my lender is telling me no. Can anyone verify this?
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BP,Scenario - Properties are cash owned. Properties cash flow nicely. All Non-owner occupied multi-families, 2 - 4 units. All properties are part of an LLC. My business partner and I are 50/50 partners of the LLC....
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I am going to look at my first potential rental property on Tuesday and I am currently in the process of trying to think of the most appropriate way to finance my first deal - finance including down payment, renovatio...
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Hi everyone,
When starting your own corporation, i understand the difference between injecting your money as equity or a loan is very different in terms of taxes and recuperating your investment. What is your take on...
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Hi everyone,
When starting your own corporation, i understand the difference between injecting your money as equity or a loan is very different in terms of taxes and recuperating your investment. What is your take on...
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I came across an off market deal where the seller wants to get rid of his mother's house. In the initial, call her indicated that there was a home equity loan on the home. I haven't dealt with this issue before and...
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Hey board, Currently own 2 properties, primary and rental. Both were bought with all-cash because I wanted to close quick and avoid banks as much as possible. Now I'd like to start leveraging my future investments ...
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Hey board,I'm reposting this thread from the General Area as I thought it would generate more traffic there, hence more responses but that wasn't the case. I currently own 2 properties, primary and rental. Both were...
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Hey all!I was in the Indiana market for a bit and have an amazing lender with a small bank who would do 85% LTV loans on investment property. Unfortunately, he is unable to loan across state lines in KY. I renovated a...
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Hello! I am new to Real Estate investing and Bigger Pockets. My fiancé and I bought our home in 2019. Currently, we are researching multi family homes to get an idea of what our cash flow could be per month and how mu...