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Today I had a meeting with the Branch Manager of a commercial bank. I took my 2 binders detailing out my 5 C's all suited up and ready to get that Business line of credit or approval to get a commercial rap loan for ...
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It would be helpful to me at this time, to have about $25K in working capital for work on one of my multi-family properties. This relative to my situation, is a super modest amount of funds. It probably be best as a f...
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I got inspired the other day when I read an article on a guy who bought 44 units in about 5 years, started at 20.I found a neighborhood were the houses are selling around 35k and the rents are $700! I got so excited I...
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Hi all,I'm looking to purchase my first investment property in Cleveland, OH. I plan on utilizing the BRRRR method and am currently feeling torn on whether to obtain the property with hard money vs. a traditional loan...
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Can anyone explain the downside of becoming a credit investor and partnering with someone who provides the cash and assets? The plan is the non-credit partner somehow sells or pays off in 6-8 months.
I am wondering...
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Here is my situation:
I live in northern CA. I own 3 properties and live in 1 of them.
Property 1: value $1.1M, debt = $700K
Property 2: value $750K, debt = $400K
Property 3: value $500K, de...
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Hello, all!
I’m a new investor and I’ve recently acquired my first property. Now, I need to secure a loan to fund the rehab. Can anyone advise me of the best options to me as a new investor? Any and all info is great...
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Hi, I've done a few hard money loans in first position. First, though a company then on my own. I was recently approached for a 2nd position deal, which I've never done before, but the terms sound so horrible to me th...
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Hey Mortgage Pro's, What LTV are lenders offering now on a cash out refi for a primary owner occupied in NY? Specifically in Westchester county. Also what's the average seasoning time to refi?Thanks!
Hello BP family. I have two major debts a 21K balance on a loan that i have at 6.99% interest and a line of credit with a 28k balance and 12.99% interest. I did a flip and made 40K. I truly want to invest in another p...