Adam Garza
Understanding financing - Home Equity Loan
Could use some assistance with understanding financing:I am looking to understand how a short term home equity loan would work...I recently went to the bank to ask about it, but want to understand the numbers. I own a...
Patrick Loshek
Transferring my primary residence to an LLC
Hello BP,I am about to move to another state where I will be buying another house. I would like to transfer my current primary residence to a LLC and rent it out. I currently have a mortgage on the property and do not...
Abner Sanchez
WHAT SHOULD I DO FOR MY DOWN PAYMENT?!?!
So have $30,000 in cash reserves but I do not want to use it all on a down payment for of a house (via Conventional Financing/ 20%). Now I know what you're thinking "just do the FHA route" well that is 100% true I can...
Casey York
Solutions for acquiring a home that has not been through probate.
Hi, Bigger-pockets fam, my name is Casey, and I am a real estate agent in the Houston market. I am currently looking to start my investment portfolio and recently received a call about one of the post cards I sent to ...
Alim Abrahim
Denver MSA ALF, needs $9.25M Bridge Loan
I need help - Looking to raise $9.25M for a 90-suite Assisted Living Facility in the Denver MSATotal Stabilized Revenue: $4,174,236Stabilized NOI: $1,420,609Sponsor is a seasoned in the ALF industry and is seeking hig...
Forrest Hopkins
Home Equity Loan on Investment Prop?
Hi there! I've been scouring the internet looking for an option here. I understand TX does not allow for traditional HELOCs on investment pieces. I have a buttload of equity in an investment property that I would like...
Kevin Hoodwin
Negotiating Non Preforming Loan Modification
Howdy y'all,I was curious how the community negotiates and communicates with distressed note homeowners. Do you use a servicer, lawyer, yourself, etc... to communicate with these homeowners? I appreciate the assista...
Dusty Cady
Buyout Private Lender Fees and get 50% Equity in home??
So I have stumbled upon a very unique deal and I would like to get some opinions on it. Here is the scenario.Investor owns a property that has an assisted living business being ran out of it. They mortgage is currentl...
Account Closed
Is this legal?
Could someone describe to me how down payment assistance works? I saw someone advertising they needed down payment assistance funding.
The purchase price was $2.5 mil, the mortgage was $2.0 mil and the DPA was $500...
Chris Mason
$3m / 60% LTV Assisted Living Facility Refi - Financing Survey/Review
Scenario: This scenario is an amalgamation of a few inquiries that I've had in the last couple months. Person purchased a neglected facility using hard money. Took a few years to get licensing, permits, etc, to either...