Frank S.
Using a HELOC to Flip - How does it work?
A local credit union has approved us for a 100% LTV HELOC on my primary residence. I will be able to access a line of credit of approximately $130,000 (Which will be more than enough for flips im looking at). I guess ...
Patrick Hancock
Next Level Financing
Good morning, Brief history of where we are at the moment is my partner and I launched our investment firm back in 2021. Acquired six properties using our own capital. Once we had the six properties that were genera...
Web A.
Personal & Business LOC
Hey BP. I’m in the Northern New Jersey area trying to find the best ways to fund deals through either personal or business lines of credit. Has anyone had luck finding a company or institution that provides these fund...
Jamie Smith
Buying with my LLC
Hey everyone. I am a new investor; I have taken out a HELOC on my primary residence to help with any RE investing cost. I want to buy my 1st property through my LLC, but I am pretty sure a lender will still use my per...
Matt N.
$200K in account (use that cash or get line of credit on it)??
Hi all, I have $200k in my LLC account. I plan to use this to purchase distressed property, rehab, rent out, refinance and then replenish the account. I am wondering if there is any benefit on getting a commercial lin...
Account Closed
Using LOC to buy and cash-out refinance after seasoning?
If I were to obtain a personal line of credit to combine with my own capital in purchasing/rehabbing a property, how would this affect me when it comes time to cash-out refinance?
Matt Vezina
Sewer scoping as part of inspection?
A recent post about a landlord's cracked sewer line got me thinking about this. I won't be in a position to purchase my first property until spring 2018 so fortunately this question is not time sensitive.I'm curious ...
Duane Hundley
Payoff Rental On CC
I purchased a rental using a cc 0% for 12 months it's a low purchase price. So would you take your own money and try to pay it off in the 12 months? Or get a mortgage, so I can focus on the next deal? If you need more...
Jordan L.
What is your cash to mortage ratio?
Is there a general rule? Should you have enough to pay off the mortgages if you have too? Or enough to cover all properties if they remain empty for a certain period of time?
Ryan Keenan
Using unsecured personal lines of credit and refinancing
Hi BP investors, I have some questions about using a personal unsecured line of credit. I do not have enough money to buy a investment property all cash so I've been thinking about putting 25% down on a value add prop...