Salvador Figueroa
HELOC BANKS RECOMMENDATION
So I have over 200k in equity and I am thinking about taking 120K HELOC to do a BRRRR. I know a lot of banks offer HELOC’s but is there any of them that you recommend? Have you been working with a lender in LA COUNTY ...
Trecia Benjamin
How do I use my current properties as collateral?
I'd like to purchase other properties using my other homes as collateral... What is the process?
AJ P.
Investment Strategy with Today's Interest Rates
Hey everyone, as I'm sure you all know, it's hard to find properties that cash flow (or really even come close to 0) with the traditional 20% down and 7% interest rate that we currently have. The only way real estate ...
Fred Thomas
What refinance rates are you currently seeing since the New Year?
Just curious to what Occ Owner Occupied refinance rates everyone has been getting since the new year. Haven't seen a thread like this in a bit.
Please indicate if it is a cash out refinance! Also indicate if you boug...
Ashley Wilson
Why You Are Most Likely Going to Miss the Bottom of the Market
Everyone is talking about timing the market to buy at the bottom. Great in theory, but difficult in practice, let me explain.1. Historically, the average closing time was 75-90 days. In other words, if a deal closes t...
Dalton Willett
Question about assuming a loan
Good Evening everyone! I want to bounce an idea off of you all and see if my logic on this makes sense. My uncle owns a property in Iowa City, which is a great place to own real estate and a market I want to get into....
Yuta Tamura
Cash-out Refinance a wise decision?
Looking for some wisdom from my fellow BPers!I am considering doing a cash out refi for a rental property purchased in July 2017 with a 30 yr. 4.375% fixed, for the purpose of acquiring acquisition capital. With the g...
Eric Hathway
What rate should I expect to pay on owner financed 2nd mortgage?
I am considering a 11 unit building for $700k in NH and only have 10% down. My bank requires 20% down so the owner said he would give me a second mortgage at a rate of 10% for either 5 or 10 years. Is that a high rat...
Tequila Lamar
Is this a good hard money loan?
Hello! I received the follow terms for a hard money loan. Is this a good deal?It's for a full rehab of a duplex. 3 beds and 1 bath in each unit. $400,000 ARV.Total Loan Commitment: $295,000 Interest Rate: 11 %Initial ...
Julie Gates
Commercial loans are SOO 5 minutes ago. The DSCR loan is the new Black
As commercial lending continues to wave the white flag, the DSCR loan has become the new darling of lending for real estate investors.
As an investor who was able to maintain a portfolio through the Great Recession...