Hi All. I currently own 2 SFHs outright (no debt and both in my LLC) and wish to purchase a 3rd. I have $50K but would need about $85K for the 3rd home. I don't want to do a traditional mortgage since the amount is ...
Did anybody use unsecured business line of credit for start out fix and flip?Any experience and recommendation will be greatly appreciated.
Question about re-affirming obligations under a Chapter 7. If a borrower has a mortgage and has cleared a Ch 7 bankruptcy, then makes a payment on the loan, have they re-affirmed the obligation, such that it now effe...
It seems frighteningly easy to walk into a bank and request an unsecured personal line of credit or even an unsecured commercial line of credit (w/personal guarantee). Is there a better alternative for borrowing money...
I was thinking about using an unsecured loan to obtain a rental property. Are there anything I should be aware of before I obtain it. Is it wise to do so. I've only use conventional loans in the past so I'm a little g...
Hi Folks,
I am getting all my ducks lined up for starting my first flip. I have about 30k saved for my first project and I plan to utilize a hard money lender for purchasing the home. I don't feel 30k may potentially...
I found an auction in an incredible area and am wondering if I can get a private lender to purchase it! I have no debt except my current house, $65K in the bank and other assets.
Is it acceptable to use personal credit line to fund a down payment on a single family rental on a conventional loan? Assuming you have adequate cash reserves, good credit etc.
We had two rental properties with a management company in Texas. We found out, after they closed their doors, that they were closing. They owed us security deposits and rent totaling over $5,000. We got a promissory n...
Hello yall, What is the best way to make/format a loan if there is no physical property attached to it. For example, giving a loan of $15,000 toward the repairs or purchase of a potential property? What type of contra...