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I have a couple properties in South Florida area that were bought cash under an LLC. I want to do cash out financing on these properties either using conventional mortgage or Heloc. Would appreciate advise on which fi...
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Hi BP,I have two main questions:1.) Can you "shop" for HELOC's in the same way that you would shop for an auto loan?2.) If you can shop, what questions or tips will get you the best results?A little more info:The HELO...
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Can someone explain how seasoning will impact a flip deal? Who requires it? I am looking at potential flips and don't want to be caught unprepared and not able to sell after fix up.
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Hey all,I just had an appraisal for a duplex I own come back far too low and is affecting a HELOC. Does anyone have any experience in disputing these successfully? Tips? Below are some notes.Subject Property:2X 2 bed...
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Hello! I am looking for a smaller bank in Houston, TX to refinance some of my rentals. Looking for a commercial loan (loan in company name, but I'm willing to personally guarantee it). The problem I've run into is tha...
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Hey everyone so I’m trying to find the best way to acquire REO properties without having to go through auctions or online bidding wars. Is it possible to do so? Any recommendations on this? This aggressive buyer need...
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Hello,
I have a small real estate business where I own a few rentals and do some fix and flips. I want to start borrowing money from friends and family in order to grow my business. My question to you is if I need s...
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Just did another Commercial Mortgage through my LLC on a two-family property. I do commercial mortgages on all of my buildings because it is in my LLC for liability purposes (as far as I know, it has to be a commercia...
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Newbie question. I read a lot of people complaining that short sales take too long. Would attempting to short sale on properties that are about to foreclosure motivate lenders to move faster? I read that lenders rathe...
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We are a full service flip and hold property operation here in Kansas City. Currently we been experiencing growth and have hard money lined up but the APR and Down on these loans are typically higher. Any recommendati...