Candice Rogers
LOC as Financing
I'm a newbie to the business with no money. I'm searching for financing that will cover the full purchase of my 1st rental property. Can anyone share their take on using a LOC as financing for a buy and hold purpose?
Daniel Volk
Using Unsecured Personal Loan to Purchase Duplex - Cleveland, OH
I'm trying to acquire my first rental property in Cleveland, Ohio (44104) but am having trouble finding a lender to fund an investment property under $50,000 and I don't have enough to pay outright. It is a duplex in ...
John Bongers
Using Unsecured Loans for Down Payments to Scale Up!!
Hello, I've just bought my first rental property and am treating it as a mini BRRRR where I'm hoping to get a decent amount of my money back when I refinance sometime down the road. To get the deal to go through I use...
Steven E.
Downpayment Financing: Unsecured Line of Credit & 401k Loan
Hello,
I am looking to buy my first property and employ a buy-and-hold strategy whereby I'll rent a single-family home to tenants (cash flow positive). I am looking at homes in the $70k-$90k range in Raleigh...
Jesse O.
What would you do with a $100k unsecured loan?
HI BPers,
I currently have a $100k unsecured loan (10%) available to me and was hoping to use it for my first rehab and sell property. I have not been able to get any offers accepted for the last few months. The ap...
Andrej Petrovski
Bankruptcy effects in Note
I've seen a few notes now that are for sale and indicate the borrower is either filing chapter 13 or 7.
I'm assuming that a chapter 13 is similar to the lender just modifying the loan ? Meaning making it more finan...
Jeff Lipple
Mortgage note or cash?
I'm a first time investor.
I'm buying a property for 25k
7k cash 18k unsecured loan that I'll want to refi.
I was told I should have the 18k paid by certified check coming from my parents so that I can start making...
Tim Silvers
Solar lien disposition on vacant lot
House was severely fire damaged and subsequently deemed uninhabitable and demo'd by the city along with the solar panels. In addition, the lessee of record is deceased. Death certificate was already sent some time bac...
MIchael McCUe
Can I pay into an unsecured loan and loan amounts to income
Hello I hear their are unsecured loans I can acquire via my income history I believe they give you an income of 20% of the loan now can I pay into the debt replacing pre existing gray space the remaining 80% or will i...
Daniel Tisdale
BHG Financial Review
Hi,I have received an offer from BHG Financial for a loan of $155K with around a 15% interest rate to be paid back over 10 years. This would not be reported to my personal credit and I am looking at using the funds to...