Kenneth Fite
Acquiring a Heloc on a property, just prior to sale.
My family and I are relocating out of state and are near the end of the process of getting a Heloc on our home specifically for cashflow to cover moving, earnest money, and setup expenses. Our realtors wanted to go ah...
Oliver Roe
How can I finance cheap rental property?
Hi All,How can I finance a $53,000 rental property? Good credit, 20% down...would prefer to go conventional so I contribute my down payment + closing costs only, recoup, repeat (cash flow would be AWESOME on a $300/m...
Denise Holder
borrowing when 1099
Hello,
Although there are great benefits to being a 1099 employee, borrowing is proving difficult. I need to borrow 20k for a Reno of a cabin in the Allegheny mountains. I went 1099 in January (less than 2 years) a...
Brendon George
Quadplex on FHA 3.5 down with bad roof. Help!
As mentioned prior I have recently purchased a Quad with a FHA loan, I currently have equity in the house from the appraisal vs sale price. Is taking out a HOME OWNERS EQUITY LOAN a smart way to take care of the roof ...
Vidyadhar R.
house won't appraise to full ARV if refi before seasoning period?
Hi members, I'm doing a BRRRR on a SF. buying ($60k) it using a personal loan and plan to refinance (ARV $80k) it from a local lender after rehab ($5k). rehab duration would be a month. I want to refinance asap after ...
Marquita Hightower
Rental Property Question
I was told by a private lender told me we could purchase a property through our LLC and rent it to ourselves for a few years then buy another house and keep renting the first one to a new tenant or refinance into a ne...
John James
**Different ways to invest in apartments?
Hello,What are some different methods to PASSIVELY invest in apartments if I do not have a huge amount of cash? Can somebody explain some options with HELOC, credit cards, or a personal loan?Yes, I know credit cards a...
Jack Hurdle
Where to get down payment?
So I get that you use some sort of loan to buy a house if you dont have cash. Where do you get the 10 to 20 percent down payment from?Is that from savings? Hard money?If from a private lender, what kind of terms are g...
Account Closed
should I open an LLC before purchasing property
Hi BP, Newbie here, I will be looking to purchase a small apartment complex this year and I’m not sure if I should open an LLC before or after purchase. And could you direct me to a buyers checklist if there’s such a ...
Justin Morris
Financing Cash Property
Here is the situation the properties purchase price is 5k, I'm waiting on the appraisal but it looks like it'll apprise for 20-22K. I plan to buy with cash, this cash is going to come from one of two places, a ...