Ryan C.
Heloc lowers Fico score, then refinance
Looking for some insight... I have a rental that is paid off. Going to do an 80% heloc on it so I can purchase another property. My intent is to wait the 6 month seasoning on the new property and refinance into a conv...
Benjamin Klos
Sewer Iine insurance Pittsburgh rentals
Wanted to read some opinions on something my business partner and I have been looking into. Currently our umbrella policy does not have the option of adding sewer line insurance which we had purchased on several prop...
Ardranae Byer
Personal LOC or HELOC
Hi BP,I can use some insight. I having been investing in multi-units and SFR properties for about 4 years now and I been wholesaling for the past two years. I been using the traditional way to acquire the properties t...
Steven Barr
Buy a flip home with business line of credit
Would it be possible to get a business line of credit from a bank for, say $200,000, and use this line of credit to purchase and rehab a single family home?Thanks BP!
Cody Z.
Financing strategies while waiting for BRRRR cash out?
Hi All,I am looking for ideas of what other investors recommend doing while waiting to pull their cash out of a BRRRR?I have been thinking of asking for a Line of Credit or personal loan to purchase another property i...
Spencer Small
Claiming rehab expenses on taxes
Two questions on this:1. On line items below the $2500 threshold for an expense. I paid 2/3 of a renovation during the 2019 tax year with the remainder due here in 2020. Do I just use an excel sheet to take 2/3 of e...
Jordan Love
Buying retail vs wholesale / financing
I wanted to get some professional opinions concerning my recent and future real estate transactions. To give you a brief background, I work at a large mortgage company as a loan officer here in the Dallas area. Given ...
Matt Wells
Does using a portfolio line of credit affect DTI ratio?
Does using a stock investment backed portfolio line of credit affect the debt-to-income ratio for obtaining conventional Fannie Mae & Freddie Mac loans? I would like to use my line of credit to flip homes and also...
Nicholas Seaver
Line of Credit vs. Credit Card
I am about conduct a local flip with a new partner. My financial obligation in the deal will be to provide the funding for rehab costs. While I have some cash for this, I was going to get a line of credit as a quick s...
Darren Nardo
Getting money for deal
Before I am able to fund a deal myself, what should come first?
Let’s say I found a great deal but don’t have the money to fund it myself. Would it be recommended to have lenders/loans lined up first? Before taking a...