Ryan McCook
Using someone's credit for a conventioal loan
Ok, here's the scenario. I am married, and file my taxes jointly, but am the sole income earner. I have 9 rental properties all 30 year fixed conventional loans. My wife is not a signer on the loans, but on title of t...
Jonathan L.
Using lines of credit for property puchase
Recently, I have decided to try and fund my next property using the line of credit. I have $80k in LOC the interest rate is 9%. I would like to take out a mortgage on the property six months after purchasing it. ...
Chris Ryan
Using line of credit for down-payments?
Hey Biggerpockets, I've dabbled in residential real estate for a while but am thinking about moving up to commercial. Hoping to get some clarity on the commercial lending space. Here are two scenarios to help explain ...
James Sanders
Advice: RE line of credit for newbie
Hi,I'm hoping for advice on financing. I have a documented business plan for investing in new build SFR in some specific areas of Los Angeles. I have $2M in liquid assets (bonds and equities) a steady job of $200K inc...
Christopher Lombardi
Line of credit for large property owners
I find you can learn a lot reading annual reports of Multi-Family REITs. I came across a company that purchased all of their properties for a discount by paying all cash and using a line of credit that they had with a...
JORDAN GARCIA
Prepping credit for first time property buyer.
Hello Everyone!New to the forum but love all the info I've been absorbing since starting. Little about me. 23yrs oldPart time 25hrs/week @$14/hr3 credit cards. 2 with balancePaid vehicle cash no car loans everMoved ba...
Eric Martinez
Cash or credit for buy and holds.
My questions to the community is would you recommend paying cash if you have it for a buy and hold property or finance it. I see positives to both sides and wanted other people's experiences and input on the pros and ...
Sheldon Alex
Broker/Agent Getting Credit for a Wholesale
Hi Everyone,I just started working with a broker, and she's given me access to properties in her portal. I told her that would start off wholesaling, but she didn't know what that was. I did my best to explain to her ...
Takiyah Riley
Personal line of credit for down payment
Hey everyone, So this what I did..I have access to 60K in personal LOC. Instead of using my own capital (16K) I used 30k of my personal LOC for the down payment on a duplex. The all in cost is 85K with an ARV of 125-1...
Bob Okenwa
Line of credit for fix and flip
Hi BP,I've been curious as to opening a line of credit for my fix and flip business and wanted to know what is the best way to go about getting one. This would be a personal line of credit as the business LLC is not y...