How much Cash is required to start house flipping business in Maryland. Is 400k to 500k cash enough to make a living by flipping houses. ?
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All, I got below quote from a contractor and it is much higher than expected. Would anyone be able to say, which components are overpriced? This is for a rehab outside of Columbus, OH. Any help is appreciated. Irina
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I'm working on my plan to start flipping houses and I figure if I can work my way up to a $300k line of credit for my LLC I can fund 2 rehabs at once and cover carrying costs without having to use my own cash. I have ...
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Hey BP Folks,Wanted to see if anyone has any experience with banks out there (national/regional/ credit unions etc) that are currently offering investment lines of credit? Not sure if this is a thing or not in today'...
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Looking to expand upon my rental portfolio. I currently have one rental that I have owned since 06. I have a very small mortgage with lots of equity build up. It is in a sought after neighborhood, school district, ...
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Hi All,First off I'd like to say hello to everyone as I just signed up to BP and this is my first post :)I am looking for a home equity line on an investment property. I've talked to a few banks and they seem to have ...
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Are there any banks writing Home Equity Lines/Loans on non-OO Multis?
Has anyone had any luck with banks/whatever lending at rates at 6% or below on their multi family properties? I've had no luck with 15 or...
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Hello BP,I currently have 8 residential rental properties with approx $5M in equity. I do not want to refinance them because I have low interest rates on all. However, I do want to access my equity to purchase more pr...
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Found my first motivated seller but I'm still on the fence on the numbers. I know it's a good deal for the area but...... For a rental. 2 bd 2.5 bath townhomes (I think, 8 units connected) 1290 sq ftClass A neighborh...
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Does using a stock investment backed portfolio line of credit affect the debt-to-income ratio for obtaining conventional Fannie Mae & Freddie Mac loans? I would like to use my line of credit to flip homes and also...