I wanted to know if its ok for me to start with a line of credit and/or a credit card. Line of credit interest rate is 9% of 50000. Credit card rate is 11% but 14 if cash advance, limit is 25000. I do now have a pr...
I have a home under contract where the owners are deceased and there is a HELOC in place. There is a $30K difference between the credit limit of the HELOC and what is owed. The sellers (the children of the deceased)...
When trying to obtain financing for an investment property , can I use my business line of credit for a down payment on a mortgage ? Also if a seller is looking to hold a 15% note on a property , how do I structure t...
Hello everyone, I have a question about a property that I'm hoping someone can clarify for me please. I have property close to being under contract (seller has contract being looks over). The property is paid off but ...
I've been talking to sellers non-stop making offers, putting up signs, doing direct mail. Using scripts when talking to sellers, but every time I talk to sellers, they are asking full retail price for run down prop...
Many sellers ask for "cash only" for their properties. If you have a HELOC that has enough line to cover the price, does that qualify to be a Cash only offer?
Hi everyone I'm new here I'm about to buy my first property but we are having some issues ,I'm puying a small bungalo 1943 its been remodel in and out last owner really cared about his home but wearehaving issues on ...
Hello BP community, Need some advice on a property I have under contract. I discovered during the due diligence that here are 2 breaks in the sewer line. The cost is $7,500 to fix. However, the seller claims there is ...
Forgive my ignorance, but I just want to make sure I am thinking correctly.
I have a home equity line of credit that is open and I can draw cash from whenever I want, is a business line of credit along the same theor...
Hello, we recently bought our first STR cabin in Gatlinburg. After the plumbing backing up three times in the last two months with just normal use, we have had two plumbers confirm that the main line is clogged with ...