Marc Henderson
HELOC vs Cash Out vs Hard Money for better?
Hello BiggerPockets, I have a property that I purchased outright and repaired. I want to start my brrrr path and was wondering would be the best strategy: should I just refinance and use that money for my next purchas...
James Park
At what level of leverage can you sleep at night peacefully?
I am curious to know from the BP members at what level of leverage on your real estate investments do you feel that you can sleep at night peacefully?
One of the REI books I've read said that even if you have a morta...
Chandler C.
Advice for Hard Money Lenders
Hi everyone!
I'm just getting going on my real estate journey. I bought a buy and hold duplex in Saint Louis just last year, and it was a great learning experience. Now I'm looking to step it up and approach my next...
Dylan Smith
How Interest to Charge on Private Money Loan
I have an opportunity to provide a private loan for distressed property to be rehabbed and refin. I have never loaned money like this before and was unsure how to protect myself, and what interest to charge.Any advice...
Laurie Fiegl
Delayed Financing Cash Out
I have been getting conflicting information on delayed financing cash out refi. Purchasing home for $380,000 and hoping to refinance and pull out $50,000 - $70,000 to complete renovations. $300,000 of initial purcha...
Ryan Johnston
Live-In Flip Financing - The Intrim Step
Hey BP community. I currently live in my flip that I completed about 2 years ago. Now that I'm about to hit that tax free mark of 2 years, I'm beginning to look for live-in flip #2, but don't know how to go about fina...
Paul Jozwiak
Loan options for non livable condition
I'm looking to purchase a multi-unit investment property. Back story is female purchased with expectations that her bf would renovate it and they'd live in one unit and rent out the other. Well they made it through ...
Leo A.
HELOC 7.5%
Greetings,I need some opinion regarding HELOC. I have one rental property that I applied for HELOC and only one bank(credit union) offered 90% LTV at 7.5%. Below are the numbers:Appraised Value: $ 192,400Current Mortg...
Dave Jones
What lenders are offering 80% LTV on a cash out?
With Covid I know things have gotten tighter, but I am wondering if there are any hidden credit unions or banks that have an 80% LTV cash out product? This is a single family rehab project. 70%-75% won't kill my numb...
Sean Starkey
Creativity with financing
Hi all! So my DTI is currently too high to qualify for a conventional loan. If I go DSCR route how much do they give you towards the house ? I know it’s based on income the house makes so that could be tricky question...