Brad Hasseler
Down payment cash or heloc?
I would like your opinion. If you have 20k cash and 30k in a HELOC what would you use for a downpayment?My thought is pay the downpayment with the HELOC and keep the cash as a reserve for needed repairs.
Clinton Smith
Have a Note buying question
Hello, I recently spoke with an investor/seller, who has a 4 plex in the Petersburg area.He offered $1500 for the note to take over and I would secure the Deed of Trust. The property is still in the owner name. He adv...
Vincent Ngo
Acquiring a Buy and Hold
Hey BP community. I am trying to obtain a buy and hold multi-family unit in Philadelphia. This is my plan; I plan to receive a gift from my parent which I hope to use as a down payment for the property. Assuming all r...
Pandu Chimata
Heloc for Investment Property
Hello team, I have an investment property and it has quite a bit of equity. I would like to take an advantage of that equity. Are there any credit unions who provide HELOC on investment properties? Please advise.
Trevor Hatchard
Corona Related Distribution (401K Distrubtion)
Hey y'all,
Looking for any help and advice with this process, I want to use my 401K Schwabb from my previous employer and reinvest it into a multifamily property in southern california. I understand this takes creati...
Casanova Brooks
What are your thoughts on this
Hey all! I'm looking at getting my first investment property in the 30 days or so. I can get a line of credit to start somewhere between 27-30k my private banker told me. Just wondering what your thoughts on this is? ...
Eric Braxton
Strategy on buying points
Hi, I would like to see what others strategies are when buying points to lower a mortgage rate. I know that buying points will lower the mortgage and create or provide a bigger cushion to cash flow. But how does every...
Brian Kempler
RMLO needed for land contract sale? 10+ sales this year
Hello, if I plan to sell 10+ houses this year on a land contract, does Dodd Frank apply to me? Does the land contract sale also require an RMLO to "originate" the financing? No lien will be secured against the house b...
Chance B.
3% down or 20% down?
Hello World! I'm new to BP and from what I hear this is the absolute best place to get helpful information. I am preparing to purchase my first SF to house hack through a Conventional loan with my bank. I can comf...
Trent M.
Found a private lender. Now what?
I have found a family member that's willing to give me a loan for a rental property. This is the first time for both of us.How do I make this a legit deal? Do we need to contact a lawyer? Do people use generic documen...