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Might be a dumb question but if it doesn't show up that's an extra advantage, correct? The advantages are that it wouldn't affect your income to credit ratio? as well as perhaps not count as an official mortgage that...
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Hello BP,I'm looking to do a cashout finance for a duplex and single-family home. Both properties are owned through two separate LLCs. I was recently working with a bank that came very close to approving my loan but a...
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Deals can move quick, is it okay or even standard to apply at many HMLs at once? And if you get multiple approvals take the best option and decline the others? I understand many HMLs have an application fee so I think...
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Hi BP Fam,
I am hoping to better acclimate myself with Construction processes when acquiring a new team for home rehab projects. I hope some established firms can help me better navigate my processes. If you are an e...
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So what do you suggest my business name should be I want to invest In Real estate for the cash flow by using business high limit credit cards should I just name it: (last name) enterprises ? I would like to avoid appl...
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Hello, my name is Evan O’Brien and I’m interested in purchasing my first rental property by taking a loan out on either my 401k TSP retirement account (I’m employed as a Social Worker for the Department of Veterans Af...
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My husband and I are trying to finance our first rental property. Is there a website that you use to check out hard money lenders to avoid scams?
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Hello everyone,
Long time reader 1st time poster, I wanted to go thru my general getting started strategy with you all to see if there is anything major that I am missing or should know before getting started.
I am ...
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Dear BPs,I was hoping to get some insights from HM lenders or from people who work with them frequently.I'm struggling to understand why someone would agree to pay 12+% for loans where you can get mortgage at ~4% or o...
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Hey Everyone,
I am looking for the best financing options for my plan, but if there are any better plans someone might have a suggestion for, I would love to hear them as well.
Your goals and story: I am a newly lic...