Mike Koscielak
What to do with money while saving for a downpayment?
I'm brand new to this forum and I'm amazed at how supportive this community is of one another. I'm about 100 podcasts in on both Bigger Pockets podcasts and the How to Money podcast combined, plowed my way through the...
Bill F.
Cash Reserves/ Rainy Day Fund
In case you missed it, the online rent payment company eRentpayment has had major issues when their payment processor filed Ch 7 bankruptcy and casued a lot of investors rent to not get deposited. This started quite ...
Peter Tryon
Hard Money
Hey everyone, not sure if this is the best place for this question...
But I have a question about hard money lending. I've been researching some lenders in my area and most say they only give LTV of 75%. My question i...
James Burciaga
Type of Loan to pull out Investment property Equity?
What kind of loan should I be looking at? I have a rental property, single family, free and clear. I'd like to take out a loan on the equity to use for other investments. I'm in Texas. This is not my primary residen...
Chad C.
Are these good terms for a HELOC?
I was offered a 4.5 variable rate, closing cost of around $300. The way it is amortized is a little different. If it's under 5k it's amoritized 5 years. 5 to 10k 10 years, and over 15k, 15 years. This seems like a pre...
Mike H.
Loan product for self storage and metal building with NO INCOME?
I have an opportunity to buy a property in tennessee that has 25 self storage units AND allows for 25 more to be built. It also has a 6,000 sq ft metal building on it as well. But here's the catch. There is zero inco...
Reece O.
Business Credit vs. Personal Credit
Hello,
I have heard when applying for business credit, such as a loan in the name of an LLC, that personal income isn't as much of a factor as much as your business and personal credit profile. Is this true? Can you ...
Derrick S.
Lightstream.com - Reviews/ Recommendations?
I posted about a deal I need $85k for (purchase and renovations) in "Starting Out" and I'm thinking of trying this company Lightstream. They say they loan up to $100k, and do loan for remodels.Do you or anyone you kno...
Samuel Lacroix
Need validation on my financing set up.
I just want to make sure my math and thought process is right about this.I'm currently looking into a 335k projet that need 75k (cashdown, legal fees, some repair, etc). I would buy with my father. I pour 30k cash and...
Kevin Raye
Refinancing a hard money loan
I currently have a rental property that I've had a HML on for too long now. I can't seem to refinance because of my credit score. I've tried several lenders but have had no success. Ive heard of checking out private m...