I want to do a cash out refinance and was wondering if I should it it two stages. Goal is to pull out as much cash as possible to use towards next deal.-Credit score is around 625. It’s low due to high utilization (&...
Hi Bigger Pockets Friends,I'm writing for advice on financing because I just ran into a jam, and want to know what you all would do if you were in a similar situation. I've been following the Bigger Pockets forum for ...
For years I have had a credit score over 800.Now that I am investing in real estate, it is plummeting. I can’t find any articles or advice on how to preserve my credit score while investing. To understand what is happ...
Hello BP fam!
I just bought a quadplex and should have a ton of equity in 6 months. It is my primary.
Does anyone know a good lender for a HELOC? highest possible ltv.
Thank you kindly!
Hi BP newbie here!I have a private lender that would like to invest with me who has a lot of equity in their home. Due to a below average credit score they won't be able to get a bank to refinance. My question is is t...
Hello all,
I have found a deal that I need a hard money loan for since I cannot put 20 percent down on the property, it’s 4 units all on conjoining properties, it will be around 430k to get the deal to work.
However...
I’ve been looking at investing into real estate for almost a year now. I could pay cash but I thought to myself with such low interests rates why would I want all that equity tied up. I’d like to think I’d be able t...
Hi, I'm getting a conventional 30 year loan on a $250k townhouse, 20% down, fixed rate. I'm working with a small lending firm (recommended by my RE agent) and we're getting close to "locking" the interest rate. The le...
Hello Everyone!I am looking to acquire my first investment property (preferably a buy and hold). I live in Los Angeles where real estate is REALLY EXPENSIVE! I am a 22 year old, full time student with no source of inc...
I love the BRRRR strategy and want to implement that towards my next deal. However, with the interest rate keeps raising, is the BRRRR strategy still going to be effective? Wouldn’t you run into the situation that you...