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I hear all the time from investors and real estate agents to stay away from the big banks and go with local lenders, and I just want to share my own personal experience that contradicts that advice.First of all, some ...
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Hello All, I currently own 5 rentals, but i am having difficulties getting financing on another "investment" property after speaking to multiple banks, they seem ok with giving me a loan for primary residence, because...
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Hi everyone,
Over the past six years, I’ve built a portfolio of 70+ properties, primarily single-family rentals. My wife and I are now at a stage in life where we’re looking to move from a condo rental in the city to...
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Hi Creative People,I am considering this strategy:-Buying a property via financing -selling it via owner financing (higher loan and rate)My question is, can I refinance my original loan if I’ve already sold the proper...
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Good morning Bigger Pockets Community,I have some equity in my current single family home rental that I’d like to access to purchase a second rental property. Based on my current loan and financial situation a HELOC l...
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Someone recently suggested that I used a person (unknown to me but referred) to use their credit to help be refinance. I was told they would have to be 50/50 on the business with me and as long as they are at a 620 or...
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Hello BiggerPockets! I’ve been studying everything I can find about Real Estate, and I’m finally getting close to saving enough money for a down payment on my first property, so I’m getting more serious about it!
As ...
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Hello Fellow Biggerpockets users. I have a question regarding hardmoney loan for BRRRR.
Let me describe my situation
- looking to get around 100k from hard money lender to start BRRRR. Not much saving at the momen...
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(LENDER SAYS I CANNOT GET THE LOANS I NEED THAT WOULD STEM FROM A 1031 EXCHANGE. I MUST HAVE A JOB HE SAYS BUT I HAVE $.I want to 1031 exchange my CA rental home which if sold would put me about $180K profit to re-inv...
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I am a 22 yr old new to the Real Estate Investing world,and I have been having a really hard time finding a way to find financing for rental property.I have an ok credit, but my current job is commision and banks requ...