Kevin Clayton
Refi pull money out Vs HELOC
Looking at finance options to leverage an investment property. Creating an LLC to transfer the property into and looking to build credit/ establish the loan via the LLC. As rates rise I’m wondering if it makes more s...
Demetrus Gibson
Proof of funds
Hey, My question concerining the proof of fundsi in a short sale transaction. Will the lender be requiring to see proof of funds to make the note current or proof of funds to purchase the entire loan? How can the end...
Jacob Simpson
Lender Interview Guide
Does anyone have an Interview Guide that they use to qualify potential lenders? I've put together the questions below, but I'm open to any and all input. This is primarily focused on residential lending, but I will pr...
Ryan Mapes
Funding Options for Large Multifamily Property
Seriously considering purchasing a 24 unit apartment complex in central Texas with a couple of other partners (GPs). Not interested in running a syndication. We'll need to fund the downpayment and renovation costs (...
Emeric Harney
401k investments - what to do?
Hey everybody,
I wanted to get peoples thoughts on how to best handle my 401k investment portfolio.
First the background info: I’m 30 years old and unfortunately have only been contributing for the last 3.5 years. ...
Paulo Correia
Safe investment options
HelloI have cash (50k) that i would like to invest in a safe investment option. I've been trying to diversity my investment portfolio. I currently own multiple apartments, stocks, 401k, Roth IRA, HSA account (invested...
Lavon Stoltzfus
How much in emergency fund
How much cash should I try to have as an emergency fund per property I own.
Austin Ogden
Best use of funds to finish basement to rent out
I have a 2300 sq ft unfinished basement that I want to finish with the intent of renting it out. Similar basement rentals rent out for 2200/month. I have a conventional loan with a low interest rate so I don’t think a...
Christian Nachtrieb
Necessary to Pull HELOC Funds Out of BRRRR Immediately?
Hi BP,
Had a question about a current BRRRR I'm finishing up.
Used an $80k HELOC to purchase and rehab a rental property in Boston area. My rate as of right now is 5.5% not great but not the worst. I'm very confiden...
Kevin Dureiko
Tutorial: How to qualify for paymentless flip funding.
Recently a new product for flippers has come into the market and is gaining some steam. I’ve been contacted by many on and off BP about the particulars regarding this type of financing and who can obtain it. Provided ...