Jason Y.
Heloc from primary residence vs Heloc from investment property
What are the restrictions on taking a HELOC from a primary residence vs taking a HELOC from an investment property?
I heard that HELOCS from a primary residence is usually used for remodeling and cannot be used for i...
Hiro Kitagawa
Renovation loan: 5% - 30% down
Hey guys I'd like to know a bit on so called "renovation loan". Not the FHA 203K loan, but conventional. One loan officer noted only 5% down of the ARV is required, while another said she has never seen anything lowe...
Lucas Hattervig
Questions for Potential Lenders When Getting Started
Hey everyone, I just recently graduated from graduate school and I'm really interested in REI. Over that past 6 months or so I've been consistently listening to the BiggerPockets podcast and reading several real estat...
Matt Wells
Seasoning period for cash-out refiance with a paid off property?
How long is the seasoning period to do a cash-out refinance into a conventional mortgage if the property is completely paid off? I've read somewhere that it is usually six months but doesn't specify if that 6-month s...
Erick Caffarello
Investment mortgages for less than $50,000
Guys, can anyone recommend a lender willing to write mortgages on investment properties less than $50,000?Thanks,ErickValparaiso, Indiana
Amy Zhang
Transferring title to LLC
I purchased a rental with my name and transferred the title to LLC a couple of weeks later. My mortgage statement and property insurance are still under my personal name. Should I let the bank and insurance company kn...
Markens Chateau
Wholesaling Real Estate
Hey BP communityI am currently in the process of marketing for real estate wholesaling properties. My question is “how can I identify the mortgage amount on the balance if the seller doesn’t know” ? Thanks
Brandon Pelfrey
Recommendations for a lender with a "can do" attitude
Any recommendations for a lender in the Treasure Valley with whom you've had a good experience with where they've exhibited a "find a way to get it done" type of attitude?
Ignacio Sepulveda
2nd Lien Mortgages on Rental Properties - Advice
Hello - does anyone know of a private lender that is willing to do 2nd lien mortgages on rental properties? I own a few properties that are well collateralized (<50% LTV), but are on attractive 30-year 3.5% interes...
Preet Bains
Triplex Bay Area
Have been looking at a triplex in Oakland, CA, the details are:- One 3 bd 2 ba with 2 car parking and deck. Entire 2nd floor. Currently rents for $2,400.- Two 2 bd 1 ba with 3 parking spots between them. One unit rent...