I own 9 properties free and clear all rented. Values approx 50k each -450k in totalI have perfect credit, great assets (300k+ cash) and very good income (both rentals and w2)I would like a line of credit 250k (60% loa...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Milwaukee.
Purchase price: $187,000
Cash invested: $10,000
I purchased a duplex in Milwaukee and lived in one half and ren...
Anyone using cash as collateral for a line of credit? I've got a local bank that will provide LOC that's 2.5x the cash amount (100k in cash gets you a 250k credit line). Curious if others are getting better/worse offe...
Hello Community,This my first time posting and I need a bit of advice. I inherited a Townhome located in Chicago, Il and I decided to rent it out, which I currently have a tenant. It's mortgage free and I am trying to...
I am lending on a rehab through my IRA. I want to release the funds in multiple draws based on progress of the project. My contact at uDirect does not know how I can accomplish this. He wants to release all of the...
Hello everyone,I have a question that been bothering me for quite some time. I’m hoping some of you with more experience can help spread some light on the situation. I’ll try to be to the point.For years I’ve been r...
Looking at a note fund with ppr capital paying a preferred return of 12%. should i purchase some with my household equity line of credit at 8 %?
I am trying to decide on the best way to leverage the equity that I have in my two family home. The two options are cash out refinance and commercial line of credit. The cash out refinance will be more expense to co...
Hello! I currently have 2 houses I have purchased with cash and have just started renovations. I have enough cash to complete the flips but would like to pull my equity out now so that I can purchase more properties a...
Hello! My goal for 2019 is to purchase a property utilizing the BRRR strategy....or at least take all of the steps to ensure a high probability of that happening (analyzing 10 properties/week, sending out direct mail,...