As a wholesaler in Miami, I am making a few offers and they are asking me for a bank statement, before we used proof of funds from our transnational funding source. There are a few ways to do this but I want to know ...
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I am a relatively new REI. I have completed one SFR flip and have 4 flips under construction. I have zero landlord or property management experience. A very close friend of mine is funding some of my deals. We are...
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How To Use A HELOC On Investment PropertyA HELOC, or Home Equity Line Of Credit, is somewhat like a mortgage or a home equity loan. The difference between a mortgage and a HELOC is that while a mortgage is a loan for ...
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What’s the difference?
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Hi all - here is my situation. I am a 100% owner of an S-Corp for the last 2 years. I made some money in advertising. Now that is winding down, I am looking to get into real estate.The funds are currently under the ...
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The last few years we have been flipping, renting, worked into small commercial… We were approached by a high net worth individual who owns appx $100 mil in debt free real estate and has tons of un-invested cash. He’s...
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Background: I'm working on buying an owner occupied home through conventional loans. Due to DTI (child support, etc) we move all my husband's debt to my name. He and a friend are the actual names on the loan and I'l...
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I am going to look at my first potential rental property on Tuesday and I am currently in the process of trying to think of the most appropriate way to finance my first deal - finance including down payment, renovatio...
I was running numbers on a property and the cashflow comes to 500$ without including capital expenses and maintenance. I heard using line of credit for maintenance is what you should do. Would this be a good property...
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I am looking to leverage the equity I have in an investment property in order to update the kitchen/bathroom however I do not want to do a cash out refi because my current loan is at a 3.5% interest rate. Are there pr...