Juan Martinez
How to split a down payment?
I am selling a house and a friend of mine is offering owner finance up to $133k. I sold the house for $142k. The buyer needs a $9k down payment but they only have half of it at closing and the other half 30 days after...
Ryan Keenan
Unsecured line of credit
How hard is it to get a unsecured line of credit for rehab on a house? I have two mortgages and the properties are cashflowing. Good credit and I have around 700 a month for other debit.
Everett Morris
HELOC Acceptance Advice
I recently went through the process of getting a HELOC to use for downpayments on seller financing deals. After everything was said and done, I was only given 11K for a 10-year draw period at 9.1 percent. I was disapp...
Rollin Buffington
LLC Listed on Mortgage, but not Title
Hey all,Just had a quick question. We recently moved a property into our LLC from a business partners personal loan. We had no problems at all and the bank was happy to do so with no issue. Does the Title now need to ...
Richard Zhang
Tax treatment for lending to my LLC to purchase a rental
I took a personal loan of $100K at 5% and lend it for my LLC to purchase a rental. I plan to charge my LLC 6% interest rate.1. Is there any benefit to write up the loan as a mortgage vs a regular business loan?2. When...
Lisa Brooks
What kind should I get?
how do I go about getting a mortgage for a $20,000 home? Can I do a 15 year or should I get a personal loan?? Please help I know nothing!
Chris Waller
Interesting Situation and need advice
I'll try and keep this as short as possible.I am a Realtor in Georgia and Listed an "AS-IS" Investor owned property. Here are the Specs:Built in 1955, 3 beds 1 bath, 1155 sq ft on 3.2 AcresInvestor had it listed with...
Nicholas Reyes
CAN'T FIND REHAB FUNDS......HELP
Hello everyone,So far I have reached out to a few HMLs and have had zero success, I recently purchased a property cash in Cleveland, OH. Every time I speak with a HML they say the loan is too small. Take a look at the...
Mindy Pearmon
Purchasing 1st property using Homepath
I don't have the cash for my 1st property I'd like to purchase as a holding. The house is next door and I have been in it. The only thing that NEEDS to be done is a new kitchen. Homepath is requesting a 20% down pa...
Tyler Jordison
Best way to finance renos?
Hi everybody, I just got my first duplex under contract and will be financing it FHA 3.5% owner occupied, so a little good old fashioned house hacking. I have got all the cash I need for the down payment, all closing ...