I am confused about exactly how to refinance. Can someone explain the process to me step by step and explain how you get your return??
How do PMLs evaluate the potential of a real estate investment differently from banks?
I just took out a HELOC to use as a down payment an investment property. My monthly payments will be low (interest only for 10 year draw period), so shouldn't really affect my debt to income ratio much.Once I buy the...
Hi! Any suggestions on the best way to structure this deal with the lowest out of pocket cost?6 Shovel-Ready Lots in Texas within the same sudivisionCost per each lot $140k Build Cost per each Lot $500kTotal Cost Per ...
Hey BP, I wanted to do a quick post on the different ways you could potentially fund your current project whether it be a flip, rental, etc. 1. Conventional: This loan is a bank loan that is looked at as cash, there a...
Hey guys,
I have come across a couple lists of high net worth people who have been lenders on private mortgages in the local county and I am considering sending them a letter seeking REI loans. I have read all the p...
Hello Community team,When you do a BRRRR, I am finding out that there is a 6 months seasoning waiting period ( DSCR ) before you can cash out refinance, so we can evolve our funds to go to the next property to purcahs...
Hi All,I have found the vast majority of Real Estate Investors do not use a Hard Money Loan as a source of funding their deals simply due to the fact that they do not know enough about the process. In the RE Investmen...
Looking to take out a HELOC on my current duplex rental, the problem is I can’t find a bank to do a HELOC for a rental property. Is there any banks that do this, what are my options? Thanks!
Glad to have found this site. I am a private hard money lender (direct - not a broker) and look to lend $50,000-$300,000 on single family fix and flip deals, distressed property acquisitions, REO acquisitions, bridg...