Dennis O'Loughlin
Best thing to do with money
We have found a creative way to access some equity to make our equity work harder for us so it's almost like the beginning of a BRRR strategy. However...it's not quite. There are several options and we'd like to tho...
Peter Morgan
HELOC or Refinance mortgage?
HelloI am having a hard time wrapping my head around the HELOC.Can I consider HELOC as an adjunct to my primary mortgage?Say the remaining loan amount is 500k and say I have about 50k built up in equity.Would it make ...
DeeDee Lucks
Guidance for first taking out a Hard Money Loan
I am looking for a hard money loan of $100,000. I have a cash flow issue, not an asset issue. By September I should be able to repay in full, though I prefer to hold for 6-12 months. Unfortunately, we must close on...
Sara Muir
Self Directed IRA & the BRRRR Stratiegy
If I were to acquire a rental property with my self directed IRA, would I be able to refinance that property and purchase another under my business entity and not under the self directed IRA?
Hoa Nguyen
Surplas of rehab funds from hard money?
Got some numbers from a hard money lender who had me itemize and budget me reno. Playing it safe, I over estimated some cost to get to the allocated budget. Question is, when the time comes and I finish work, what hap...
Karen Margrave
LOAN BROKERS - CAN WE PICK YOUR BRAINS? Hard $, Pvt. $, Direct Lenders, etc.
LOAN PROS, often I see on BP questions on Private money, hard money, direct money lenders, etc. Though I'm knowlegable on hard money loans, I know there are many out there that are curious and would appreciate picking...
Eduardo Linan
Loan Tax Fees
hello guys,I have been a home builder for a private part, but now in launching my own business on San Antonio, TX.As a home builder i recently received a loan. My questions are the following:If i got a balloon repayme...
Chris McHaney
EIDL Use of Funds and Real Need?
We have been approved for the EIDL loan, but after taking a look at all of the requirements for use of funds, I can't see how it's advisable for landlords to take this loan, unless you are truly in need, hence the ter...
Stephanie Gledhill
Who is doing Heloc's on Investment Properties
I can't find anyone who will do a Heloc on my SFR investment property in Franklin, TN. Any one know who can do this?I found Third Fed Credit Union with a great rate prime - 1.01 = 2.24% for balance over $50K.I have a ...
Tracy Cummins
Hard Money Lending for a primary residence
Trying to familiarize myself with the mechanics of hard money lending. I understand it in the context of investors parterning on a flip, but wondering if it's viable to aid someone purchase a primary residence. Esse...