Morgan Madill
Credit Questions for Lenders
It is more desirable to a lender to see a credit line paired off in full quickly or to credit lines paid off on time over a stretch of time?I have student and auto loans and I believe if I paid them off as quickly as ...
Risa Hind
How to utilize my old IRA.
So my husband and I have a combined $25,000 ($11,000 in mine, and about $14,000 in his) in old 401k's that I am looking to possibly use as down payments for rental properties in either a self-directed IRA or something...
John E Ceisel
Need Advice On A Blanket Loan Refinance
Hi BP!I have 3 condos in San Diego that I'd like to refinance and take equity out of (to pay down debt). I estimate their combined value based on the current market to be around $900k.The goal would be to extract max...
Russell Gronsky
Limit to BRRRRR?
Buy for cash, rehab, rent, refi to pull your cash out. Rinse. Repeat.Got it.But, that means you take on a cash out loan for every property you use BRRRRR. So, how many loans can you carry this way? Do they have the sa...
Hal Davis
Advice Req: $440k for 12 units producing $6450 / mo
Any advice on how to best execute / finance this deal? My previous deals were cash purchases and a traditional mortgage. I have the cash to work this deal as described below, but would like to hear any advice from p...
Riley Wenger
First time BRRR + House Hack Using Bank and Hard Money to Finance
I am a first time buyer/investor looking in the Denver market. I currently do not have enough saved to put 20% down on a property nor the income to qualify for the amount that i'd like to be buying at (~400,000 price ...
Lizbeth Castellano
Should I sell my condo to qualify for bigger loan?
Hello everyone, I'm new here and today is my birthday and look where I am, BigggrPockets because I'm determined to become a successful real estate investor one day (best if sooner than later :-) while being a single ...
Dillon Francis
First Time Getting Pre-Approved
Hey BP members. My girlfriend and I would like to purchase our first property to house-hack within the next 6 months. I would like to get pre-approved ahead of time, so that I know how much I am qualified to borrow. T...
August Kleinschmidt
Using a heloc for a downpayment
Good morning BP, my name is August. I've been a long time reader and lurker of the forums but have never created a forum question. I'll give a little backstory before I get to my question. My wife and I have been int...
Nathaniel Ziomek
FHA 203k vs. Fannie Mae Homestyle Rennovation Loan (+ HomeReady)
Hey everyone,I was wondering if anyone has particular knowledge of the Fannie Mae Homestyle Reno loan: Specifically, how does it compare to the FHA 203k loan when grouped together with FannieMae HomeReady? What are th...