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How do I have a hard money loan cover my rehab down payment?
I am looking to fix and flip my first property in a few months and have been looking at using a hard money lender (HML). For rough numbers I am aiming at 150K for the property and 50K for rehab. With this in mind, I h...
Christian Friend
Explain HELOC vs Home Equity loan to me
Hey all, got a question about HELOC vs home equity loans.Lets say I want to buy and investment property that is $30,000. (For this lets assume it will cash flow, etc) The down payment for this property lets say is $6,...
Michael Smith
were do you investors get POF
Hi everyone. I am actively looking to invest in Newark NJ with the BRRRR strategy, and like everyone knows to make a offer for a REO or short sale - witch is usually good to got a fixer upper - you need to have POF, a...
Timothy C.
Avoiding LLC/Personal Finances Commingling
As I'm getting the foundation of by business started, I'm trying to take into consideration the tax implications as well as the legal implications of the money I spend. Since I don't know the answer to this questi...
Lesley Resnick
Self Directed IRA questions
Happy Hump day,Is anyone using a Self Directed IRA? A number of the investors I work with have been asking to buy RE inside the IRA. Any insight would be helpful. If you are in that business, could you PM me.Couple...
Edmund Ricker
Anyone Using Self Directed IRA
Hello Everyone,Is anyone using a self directed IRA to fund all or part of their real estate investing? I am looking into the subject and wanted to get input from people already using this vehicle.Also, can anyone she...
Heather Mills
IRA for real estate investing
I have had a 401k for about 10 years now and our company was bought by another and now they are starting a new 403B. Our current account is "frozen" and we can decode what to do with it. I have been reading up on usi...
Nicholas Lohr
Investing security deposits as Berkshire Hathaway does with float
As far as I have read this is a state-by-state law so I am ONLY talking about California here. On line D of chapter 49.2 it states that, “Nothing in this Chapter shall preclude a landlord from exercising his or her di...
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Is Using unsecured lines of credit right for me?
Hey Everyone,Recently we have run into the dilemma of not having the down payment needed to work with hard money on our deals. As a solution, we have spoken with a company that applies for multiple credit cards for a ...
Lori Williams
Had a lender tell me...
Called A lender today on a property that's been difficult to get rehab financing for, basically because I'm halfway through with the rehab and just need a little more to finish it.This particular lender had a $200,000...