Take Myid
Getting a Real Estate Loan on LLC
Need your guidance and thoughts of getting bank or credit union loan for rental residences in NJ.During the last 1 year, My partners and I have purchased 4 town homes(via llc) with cash and loans from friends in NJ....
John Anderson
Cash vs. HELOC to purchase 1st rental in Omaha
I'm a new investor in the Omaha area and am currently looking at investing in a SFH around 100,000. I currently have approx 100,000+ in cash and own my own home (150,000) outright. I'm considering financing a rental...
Drew Spencer
If I have a HELOC am I essentially a cash buyer?
I'm looking to make an offer on my first investment property within the next couple of months. I know that speed is essential in finding good deals, and I hear a lot about cash offers or cash buyers closing quickly. I...
Paul Papamarkos
Single Family rental
Hello AllI am currently looking to purchase a single family home in NJ to buy and hold as a rental. The property is selling for $185,000. My wife and I have two very good incomes and great credit scores. I would like ...
Phil Sirmarco
Finishing first flip and looking for next need financing
Would like some advise on financing. I am finishing my first flip in NJ. I bought the house for 60k put 60k into rehab(all my own cash). The value after rehab is around 170k. I am looking for advise on how to move to ...
Lily Sellers
Mortgage Lender wont let me refinance equity. Options?
Got pre-approved for another investment property for only 200k (not much in my market) But, I have more than enough equity in one of my other properties that would cover more than enough for the difference I want to s...
Nghi Le
Community Banks in Seattle, Washington
Has anyone had success with community banks in the Seattle area? I'm a new investor and am currently investigating different financing options to prepare for my deals. I have a mortgage broker that I've used to both...
Adam Soyak
BRRRR at 6-months has been ELIMINATED???, now only 1-year option??
I have been informed by my loan officer that we no longer have the option to cash out refinance our rehabbed properties at the typical 6-month seasoning. It has changed to 1 year. I am looking at other options to ge...
Saul Moreno
Using Credit Card Debt To Invest
Hello BP!I recently heard in a seminar and podcast that you can use credit card debt for a down payment on investment properties. Has anyone heard of this strategy or any other strategy where you can use your credit c...
Ciara Lauren
Creative Ways for Down Payment
Good afternoon BP users,I am interested in getting into the REI industry and I’m curious to know if there is a way to get a down payment via alternative financing or private lending. My family and I are interested in ...