John Jacobus
Shopping for Loans While Avoiding Impact to Personal Credit Score
I'm looking for best practices to employ while shopping for mortgage loans for investment properties (small multi-family and SFR). My standard approach is to pursue 3-4 lenders when applying for a mortgage. I typica...
Mike Ventura
Can I use a personal loan for my down payment?
I want to buy a condo using a FHA loan. I want to provide a down payment of at least 10% on the condo. Can I use a personal loan to complete the money for the down payment?
Heath Neely
Credit Union offers loans for LLC, but must personally guarantee
So I before I started shopping for my first property, I called the mortgage broker that I used the last time I purchased a house. I decided that the rates and closing costs he quoted seemed reasonable for a 30 year te...
David Maldonado
Debt to income ratio with a personal loan for ADU
Hey everyone,Can lenders cancel out personal loan payments from a loan that was used to build an ADU when applying for another owner occupied loan? Would a lease and proof of deposit be enough to not get that perosnal...
Andy H.
Personal loan: How do I make sure to get paid ?
I saw someone on Craiglist posting he need emergency money. Willing to pay interest on loan, need money for 45 days. Since the amount is relatively small, I want to help him. How do I make sure I get paid ? Do I u...
Jeff White
How does a commercial loan effect my personal DTI ratio?
I am purchasing a duplex utilizing an LLC and a commercial loan. I am also planning to buy a personal residence within the next 6 months. I have a sizable downpayment for my personal residence, but will need to financ...
Mikael Winkler
FHA Loan to Minimize Personal Capital in House Hack - Thoughts?
Hello all,I am currently researching properties for my first rental. I know I'm going to do a house hack and have been contemplating ways to reduce my initial capital as much as possible, as I have next to nothing ava...
James W.
Personal loans from friends, returned with interest... how to do?
Howdy BP!I'm currently looking at a property about $1,000,000 that I see as about a 12CAP... slightly lower than my average, but a solid property (24 units, only 1 empty, not a fixer-upper).I mentioned to a few people...
Tim Crosby
Should I Take a Personal Loan to Fund a Flip?
I'm looking at using a HML to fund a flip. To do that, many of these places want 10% down to fund a deal. I'm looking at a PML pr someone I know more personally to help out, but most people I know see those flipping T...
Alessandro A.
PLOC vs Personal Loan vs Credit Card to Fund Rehab
I have cash to buy a distressed property and I’m looking for a way to fund the rehab only. My plan is to implement the brrrr strategy and cash-out refinance once the property is rehabbed. I’m looking at personal lines...