Younness Dehbi
Input please, pretty please.
I was going to buy my first rental here in Houston, TX, I was going to put 20% plus pay closing cost on a 94K ranch style property, I'm about to put 30K to acquire this, I think this is excessive, I'm doing something ...
Craig Albright
Should I use my hundred thousand dollar line of credit
Should I use my line of credit to buy my first rental property. Or should I use an outside investors money.I have $100,000 line of credit
Pradeep R.
Sewer inspection needed and cost?
Hello,i am closing on a property in memphis. I would like to know if sewer inspection is needed. If it is needed kindly let me the know the expected cost incurred for the inspection and also a good inspector contact?
Justin Chan
LOC or cross collateral loan on a mixed use property in RI
Is there a lender willing to do a Line of credit second position loan on a mixed use property in RI? Or a cross collateral loan on the same mixed use property located in RI to buy in Florida or Texas?
Linda Manning
Purchase with mortgage or home equity line
I am preparing to purchase a single family house to buy and hold. I am trying to decide how to pay for it. I have one rental house with a home equity line against it (there is no mortgage against it). I have the house...
Jordan L.
What is your cash to mortage ratio?
Is there a general rule? Should you have enough to pay off the mortgages if you have too? Or enough to cover all properties if they remain empty for a certain period of time?
Quy Huynh
Best Loan Scenario For 2 Multi-Family Apartment Properties
I have a 9 unit property in Florida where the bank is willing to lend me $318k on (75% LTV; bought for 210k in Oct 2015, value is now 425k). 200k is being used to pay off a private loan and 118k is the leftover credit...
Greg P.
Lines of Credit Question
Hello, I hear about some local investors obtaining 10mil dollars of lines of credit to buy property. What do you actually need to obtain this line of credit. Is it basically net worth and rental income? Or is it mo...
Lauren Sherer
Delaying Financing Question
My partner and I are planning to buy our first SFH in Memphis, TN this fall in cash utilizing the BRRRR method. We’re currently looking into financing options with the goal of getting our cash back before the 6 month ...
Stephen Nowak
General Investment Advice
I wanted to get some thoughts. I have established a line of credit approximately 550,000. I have used the line to make Cash buys on a couple of investment properties. I have completed all renovations and have these...