Hello, BP. When you are going to refinance your property. I believe 1 of the requirements are "cash reserves" to cover 6 months to 12 months of funds to cover the mortgage. Instead of having cash, can a person use Cre...
Hey everyone I believe I have had a recommendation for a HELOC with CACU here in Kansas City and I think they have a great product but it is not I/O payments. If I was told wrong or they do allow I/O payments let me k...
Good Evening;
Has anyone had luck finding a lender willing to underwrite a heloc for non owner occupied investment property (1-4 units)
Any insight, comments, suggestions, recommendations, etc are much appreciated.
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Hello,My business partner and myself are aiming our sights at our first fix and flip property; we have money set aside for the project - but due to the amount we are willing to invest it limits some of our capabilitie...
Hello!
Has anyone used a HECOC to purchase investment properties? Really I would like to hear thoughts on using a HELOC vs simply refinancing. I currently own a rental property that I owe about 95k on and it could ap...
Obviously the key to a successful flip is to find solutions for the distressed person. I wholeheartedly believe in the business model. With that said, I have no desire to constantly kick a person when they are down....
I’m currently looking at purchasing a 3 bedroom / 2 bathroom Single Family as a first time home buyer. I want to live in one bedroom and fill the other two bedrooms with “Tenants” / old college friends that have agree...
Does anyone know if there is any lenders can provide HELOC using rental properties as first collateral? I have a BOA HELOC for my primary residence, but they do not offer HELOC for rental properties.
I am looking to turn my SFR in San Diego into a Triplex. This has been some planning in the stages for the past several months and I am looking to possibly break ground in late September/October depending on permit ap...
Hi folks. Just dipping my toes into the whole "private lender" thing.Conventional lenders are not lending to me because the deal I'm considering will bring my DTI from 5p% to 53%.Found a guy on BP who is fine with tha...