Andrew Erickson
Can you finance multiple cheap properties together?
I am looking at a few deals for houses that are very cheap. These houses are $40k - $60k each. The problem with deals like this is that I can't get a mortgage on them since most banks won't do a $30k mortgage. Is ther...
Farril De foor
loans for homes and apartments
I was working on getting a loan. Are there people who do loans in the LLC's name. Could you do a blanket loan in the LLC's name and combine all or most of our investment property? I suppose if we put all of the LLC i...
Walter Correia
Debt to banks come ratio
I'm currently looking to purchase a second home. It's a good deal and my wife and I are looking at a debt to income ratio of 44%. My question is, will we be able to get another home loan if our debt to income ration i...
Tim Trotta
lending under 50k
I found some multi-family properties in the Rochester, NY area for around 50K, fully occuppied with multi-year tentants. I have spoken with a few lenders and no one seems willing to give loan for such a small amount, ...
Viviana Erguiza
Advice needed - Primary Residence - Refi - Bad Credit
I want to refi my primary residence.The property is located in Los Angeles County.I have a first mortgage loan and a home equity line of credit under this property. I want to refi to combine the two loans. I would...
Wilco Ravestijn
What is considered a refinance?
Lets say I purchase a property with one of the following or combination of the following methods: cash, revolving line of credit, private lender, credit cards or SDIRA. Then within a couple of months I want to establi...
Adam Craig
LENDERS - Looking to tape into rental property equity.
Between the 21 rental properties I own - I have approx 600K in appraised equity. Each property has already been refinanced to the maximum value that I feel comfortable with cash flow numbers.Rather then pay 12% on har...
Timothy Woodland
How to use creative financing for this potential deal
Hey everyone,
I found a duplex in my area where the homeowner is fed up with maintaining the property and wants out. Her tenants are also moving out. The house needs some work but in its current state rents for 3,000...
Harold Wimberly
Can you do 100% commercial financing with Hard Money?
Say you have a seller that will do 30% percent seller carryback and a hard money lender doing 70% LTV, will HML's do these type of deals?
Lillian Leigh
Referral for Blanket Mortgage
Hello BP,I'm interested in 2 properties in Trenton NJ. A duplex for $54K and triplex for $89K, and are both cash flowing now. We have good credit, 25% down payment and my husband is a W2 earner. Does anyone have a re...