Victor Leon
how do I use "corporate credit" for real eastate investing?
I Have been to a few seminars and a concept that intrigued me is the one about setting up corporate credit for real estate inveatment. i did not fully understand how to go about doing this. they stated an llc. or some...
Roseann Koefoed
Line of Credit for rental property - do they still exist?
I'm looking for lenders that would offer a line of credit on rental property. This is for two identical, side-by-side 4-units (8-units total) in far-south Chicagoland that I purchased in 2017. I've got about $550k o...
Jim Cellini
Question on getting a line of credit for a BRRRR
Hello there BP. I have a question about financing a BRRRR project. Deal specifics are as follows:
Wholesale deal, 3 bed/2bath single family home in the southeast. Listing price $79500. Needs about 25k in rehab. ...
Jorge Leon
First conventional sale. Buyer requesting seller credit for closing costs.
Hi all. My sister is looking to put in an offer on a property in Chicago, first time homebuyer, cosigning with my mother, they have a pre approval letter. I am a new agent and this is my first conventional sale/transa...
Christopher Oyenuga
Home equity line of credit for property bought with cash?
Hey there BP Fam,
Quick 2 part question
I’m looking to buy a property for about $25k that needs $10k for renovations (conservatively) and has an ARV of about $60k. Looking to BRRRR this one, which is my second renta...
Leroy K. Williams
Using existing property to create line of credit for flips
My family owns a property in one of Detroit's historic districts. It will likely appraise for $250,000. I want to see about using this property to leverage for a line of credit for $125,000 for flip deals here in Met...
Steven LaLonde
Line of Credit for my LLC? (or other financing ideas)
Hi all,Currently, I own a small portfolio of rental properties which are fully paid off and cash flowing well. Looking to expand now, and will need to have access to fresh capital for cash deals when they arise, I am...
Shaka Farrier
Should I use Business Credit for Hard Money Loan downpayment
Hey BP, I hope all is well in your ventures. I am working on getting approved for funding for my first fix and flip and wanted your opinions on possible doing it this way (without spending much (or any) out of pocket ...
Justin Harford
Seller credit for projected rehab from 3 to 10 years
Greetings bigger pocketsI am working on purchasing my first duplex in Eugene/Springfield OR. A general inspector recommended that we have a cast iron drain pipe to the sewer scoped buy a specialist. The specialist cam...
Dave S.
Obtain unsecured Line of Credit for Buy and Hold / Flips
Has anyone approached a bank / financial institution to propose opening an UNSECURED line of credit solely for use to buy, rehab and either hold or flip? If so how did the presentation go, what was covered, what were ...