I was hoping to get feedback on business lines of credit secured by free and clear real estate. For the sake of this discussion, here's an example scenario: If a person had 5 properties free and clear, valued at ...
Hey BP,
I'm working on getting into a mid-size apartment building (30-50 units). I am exploring options on funding and was curious on some non-traditional ways.
Is it possible to get a 10-20% (of purchase price) b...
Hello everyone!Bottom Line Up Front: How can a hard money loan be secured on a subject 2 property?Background:A local wholesaler is purchasing a duplex that he intends to keep as a rental. He's negotiated a purchase ...
My Uncle and Aunt want to buy a house and we want to use BRRRR to start a rental business. What are the best options for using his money to buy the house, refinance and still keep his risk low? He likes to invest in...
How do I use the purchased home as equity for the loan? Is it wise to do this, or is it better to use a separate asset as bank equity for the mortgage?
I hold a reverse mortgage for my elderly parents. Can I use this as collateral to borrow some start-up funds. If so what type of lender should I be looking for and am I putting my parents future in jeopardy?
A brief overview.40-year old S-Corp with a stable history and no past financial problems. Assets: $700K-$1M. Debts: Zero. Vast majority of assets are commercial, with less than 10% SFR. Clean, complete books and a...
How would I get a line a credit from my business? Would I be able to use a free and clear property as collateral?
Is there a way to pull out equity and use it for a rental property without using my house as collateral? I have well over 20% in equity
The title pretty much says it all. I hired a law firm to foreclose. I received a letter in the mail yesterday from the attorney handling the estate. Now what? What should I do if I want the property? Any comments, sug...