Tony C.
HELOC for rental properties in NC
Does anyone know if there is any lenders can provide HELOC using rental properties as first collateral? I have a BOA HELOC for my primary residence, but they do not offer HELOC for rental properties.
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...
Brian H.
Marquis Properties $28 million Ponzi Scheme
Orem, Utah based Marquis Properties defrauded hundreds of investors out of $28 million. Story by KSL below:http://www.ksl.com/?sid=38381479&nid=148&fm=most_popular&s_cid=popular-1SALT LAKE CITY — An Orem m...
Bob Jones
Home Equity Loan vs Home Equity Line of Credit
I want to get cash out for two small rentals for about 100K. One option is to get two home equity loan for $50K each and another option is to get one home equity line of credit for $100 K. Which one should I choose...
Account Closed
Apex Mortgage Co. HML?
I applied for a loan on a 5 unit multi family dwelling through PropertyGo and they shot back with a term sheet from Ted Kapnek of Apex Mortgage Company, which is a subsidiary of first trust bank. He sent me an email s...
Jaime Arredondo
How to pull Equity from Investment Property
BP folks,I am looking for some guidance on a current issue. I have an investment property that I need to pull equity out of. I asked for some financing to purchase and rehab it and now it is coming due. I wanted to ge...
Dustin DeSmith
Vetting Note Originators
I was speaking with a lender of newly originated/performing notes. All of what he is offering sounded like what I would like to invest in currently. Person is BP member and Company has been around a number of years so...
Jared Branda
recommended institutions for lines of credit
Hi fellow real estate gurus,Has anyone used any lenders of lines of credit for NJ? Any recommendations are appreciated.