My wife and I are applying for a 100K HELOC (Home Equity Line of Credit) as a potential funding source for down payments/Rehab costs. We have not purchased any buy, rehab, and hold properties yet, but that is our goa...
Can anyone explain the pro's and con's of refinancing vs HELOC on a rental property you own free and clear? The goal is to continue to purchase more properties, utilizing capital as efficiently as possible.
I want to get quotes from multiple lenders to get the best rate. However all of these agencies are telling me they need to run a hard credit check. I’m afraid if multiple runs are made on my credit then my score will ...
I need some pointers, aside of getting a good rate. What other things when choosing the right lender should I be looking out for ? Im interested in doing a FHA loan.
In my market there are a lot of homes that are between $30k and $75k that could easily be turned into short-term rental investments. I'm wondering if there are any non-conventional lenders who loan for this price rang...
BP Community,
Looking for some help on this topic. I'm currently winding down a flip that I have $100K+ into holding on a personal line. I just went under contract on a Duplex (Cash Buy) and scheduled to close by end...
Can someone please point me to the lowest down payment option I can get for a multi unit ? I am a first home buyer currently the lowest i found is 15% looking for lowers. I have a solid credit. Thank you in advance
It's been a while since I've shopped a residential loan (last few have been commercial). I'm actually house hacking a three unit and need to pull out an owner occ residential conventional.In the past, I just went th...
I did a hard credit pull with a lender (michigan) for the first time.
With close to 100,000$ income, ~740 credit score, 10% down payment, First home buying, purchase price around 350,000$, and pre-approved for 400,00...
Interested to do a cash out refinance on my rental property. I currently have 3.875 fixed 30 year. I was wondering if I can get any rates lower. What’s the going rates to refinance investment property? The rental p...