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After speaking with my local bank, I am able to qualify for a $25k personal line of credit at a 13% adjustable rate. Has anyone had experience using a personal line of credit when creatively financing deals? My thinki...
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I am meeting with a potential private lender this week. It is my first time so I’m a little nervous. Does anyone have a basic template/presentation I could use to show him how I will utilize his money and his expected...
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Hi All,
I have never been a "credit" building type of guy. Through this site and other avenues, I have learned the importance of credit/debt as a tool.I've always paid in cash and never had a great paper trail to bui...
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Just curious to see what the people of BiggerPockets like to do BESIDES (any&all) things related to real estate. I understand people are dedicated and their lives genuinely do revolve around real estate (There is ...
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How do I go about getting a HELOC through my LLC?
My wife and I own an SFR and a duplex in Southern California that sit on the same piece of land. They are completely paid off and we want to get a HELOC on them throu...
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What are some places of interest to target long term rental properties? New to the business and wanna set up within the next few months
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hi BP,
I'm looking to get into small multifamilies via house hacking with the idea of holding long-term. I have approximately 60k and actually enjoy living in multifamilies more than SFH (maybe because I'm 25?). I cu...
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Hey folks,Newbie here currently in the education stage. I'm currently working a 9-5 job in mid management, but looking to one day quit the rat race and hopefully focus on REI full time. Would like to eventually have...
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Hi all! My name is Trent, 28 y.o. and I currently live in Colorado Springs and looking to get into real estate because of the opportunities it provides. I've been reading all the books I can get my hands on for the pa...
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Hello All,I have a few questions about my first potential property that I will be buying and I wanted to pose them here on the forums to seek advice. My girlfriend and I are looking at buying our first property in th...