Hey guys, Just wanted some clarification on how this section works. Lets say, using hard money, I purchase a property at auction for $35,000 that requires another $35,000 in repairs (included in the hard money loan). ...
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I have some questions about borrowing from a Mortgage broker.
Well first off I found one in my area. They require 25% down for any investment property. They can only fund properties 70k and up. Their ...
Hi everyone,
Before I begin my business of acquiring rentals and managing I want to know if banks are willing to finance with a conventional and 20% down a rental under $40k. I understand that cash flow is better wit...
Needing advice from someone with more experience. I just won an auction on a mixed use commercial/residential building. What is the downside of using a commercial lender to purchase, my own cash to rehab, and then ref...
I bought my first BRRRR a week ago. I got it for $35k, I'm putting ~$25-30k into it and it should be worth $100k when I'm done with it. I just had an offer accepted on a second property for $50k that really only needs...
Hello, so i have questions about home improvement loans and the pros and cons about them. I bought my first home that was a fixer upper that my family and i currently live. The more i do the more projects seem to pop ...
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In pursuit of more space more my growing family, wealth building, and an additional source of income, I am pursuing an owner-occupied property with the potential of STR in the downtown Nashville are...
Hello everyone. Here is the situation I am currently in and trying to resolve. About a week ago I bought a single family rental with cash and I bought it way under value. I would like to refinance it asap for the appr...
Short-term rentals have become a lucrative venture for many property owners, offering a flexible income stream. However, accessing traditional loans can be challenging, especially if personal credit history isn’t favo...
Banks want appreciable real property to lend money. They won't lend on personal property like mobile homes. Can a deal be structured to buy the land of mhp even though there mobile homes on it?