Jennipher Jess
Smart Move to Take Out a HELOC Now?
Hello, I live in the Dallas area and currently have the option to take out $150,000 - $374000 on our home in a type of HELOC at a fixed rate of 8.03% on an 18-year term. Would it be wise to take out the min or the max...
Derek Kitchen
Interest Rates & the Role of the Broker
Hello BP,Jumping right to it, I'm wondering how do I know if the interest rate my mortgage broker is telling me is "good" or the best I can get? Can/Is he ripping me off or is this federally regulated therefore no wo...
Lilly Fang
How to structure a subject to loan with a downpayment (house is on market)
I found several houses on the market with prices too high to sell. However, the seller has a large mortgage with 3% rate.For example, a house is listed at 500k, with a 380k mortgage of 3%. Seller bought it at 480k in ...
Jason Lewis
How do I get experience without a experience? Chicken or the Egg
I owned, self-managed, and developed a number of properties before the 2008-2009 real estate crash. I have since recovered and have started and investment group in Chicago,IL. All principals have 700+ FICOs and we hav...
Scott Alfano
Borrowing through a new LLC
I am forming an LLC with three other partners in order to protect our individual assets when buying real estate. Unfortunately, the LLC has no credit history (as it is brand new) and has no borrowing power. We are t...
Martin Manning
May Have Private Lender But Sounds Too Good To Be True
I had a "private lender" call me today offering to get paid on back end once funded. He's in Canada and I just wanted to know if anyone has heard of them ... Paciscorp Inc.I googled them and got some sort of lead gene...
Nandy B.
ALL IN ONE HELOC - to grow RE portfolio
Can somone offer insight All in One HELOC? or It' s a 1st position HELOC?I have a property in TX that doubled in value and because of TX strict rules I cannot do a regular 2nd position HELOC on an investment property....
Emily Fraser
Credit score dropped over 110 points for no reason?
Hi everybody, I'm a newbie looked to purchase my first rental property with a conventional loan. I applied with a few lenders and they pulled my credit score. Both commented that I had an excellent score, in the high ...
Gloria De la Fuente
Putting home for rent and buy a new one?
Would you recommend putting your current home for rent (Interest rate is at 2.9%) to get some cash flow and buy something more expensive at the current interest rate to start on real estate?
Sean Bayliss
Start Up LLC in the lehigh valley
Starting in the real estate game in the spring of 2010 I would consider myself a small time investor. The first deal I completed was actually the first house my wife and I bought for $150,000 in Albany, NY. This cha...