Mike Franco
$1m equity, excellent credit, no income. What loans can I get?
I have a $1m house paid off. 830 FICO.
If I cash out refi, I can easily get a loan for $300k to buy a fixer.
After spending $50k out of pocket to repair, ARV is $500k. I want to further leverage the increased equity...
Lucas Kok
What is the best way to finance a condo flip?
Hello Fellow Investors!I've been a buy and hold investor the last 5 years, but is recently presented with an opportunity to flip my first property. I am wondering how I should finance the purchase and renovation if I ...
Debbie B.
Mortgage Broker/Lender vs Bank
I see a lot of posts suggesting contacting a bank for a cash out refi. What is the difference between a bank and a mortgage lender or is there a difference? When banks are mentioned in a post, does this include lend...
Kenny Smith
HELOC on Investment Property?
Hey BP community!Anyone know of a good credit union that could offer a HELOC on an investment property?Thanks!
Douglas Slingerland
Small loans < 30k and investors
Hello,I am looking for mortgage loans under 30k and am having difficulty with nearly every bank I talk to . I'm considering turning to personal investors, however, I don't know how to find these guys. Does anyone ...
Rob Bianco
Use HELOC to scoop up properties?
Coronavirus closed my business and I can't really spend what money I have in my bank account at the moment. However, I own all my rentals in cash and my buddy recommended I open a HELOC on the units so I can get the b...
Lior Shaashoua
Loans
Hello, I just got an signed contract for 830K Multifamily.I would like to know how (and if) I get get an asset base mortgage on that property.Down payment- up to 35-40%. I am forigen with no SSN.THANKS
Ed O.
Starting out - Avoid Bank of America
Hoping to help some newbs avoid some serious banking pain. This is one of many disasters with this bank that I have been involved with. I just spent 30 minutes helping my plumber try and get funds from a job. He depos...
Will Carbonell
How Do Lenders Get Renovation Numbers
Hey Guys,I'm getting into real estate investing by looking into multi-family rental properties. There are some properties I am interested in, but when I have spoken to the bank they are hesitant in those properties du...
Nick Noon
Your Opinion on the Market?
I'm not sure what the market is like in other areas, but I am finding in my area (northeast MA) that multi family properties are going very quickly. Properties are quickly going "under agreement" soon after being lis...