Account Closed
can you buy a house with a credit card?
I have my first deal under contract. will close in the next week or two as soon as the title company is done with their work. I have a pre existing commercial line of credit set up that makes me the equivalent of a ca...
Chris Burke
Convert Primary Mortgage to DSCR on rental property?
I have a rental property that used to be our primary residence. We used a HELOC on that property for a down payment and some renovations ($285k) on our now current primary residence.Our rental property has a 2.99% rat...
Frankie Betancourt
Buying from myself with a credit card
Hello is it possible to sell something online and use a credit card to buy that item for myself and then use that cash to transfer into my bank to buy a house? Because i have 20k credit limit and would like to turn...
Jody R Miller
I’m new to this and need some Guidance
I currently pay a mortgage (4 yrs now). I want to potentially rent it out in the future, however, I’m going to need to take out a loan to rewire the house, replace some appliances, etc. I’m thinking about 10-15k will ...
Jerry Bailey
Using Life insurance policies to flip houses
I have zero knowledge and I’m interested in learning. Currently have life insurance policies. I was told that you could use your life insurance policies to borrow money for renovating property. If there is any informa...
Stephen Daniel Pace
Using a HELOC for first property
Hi BP! I’m looking into getting a HELOC on my primary residence since I have significant equity mainly due to the current market. I’d like to use it as a down payment or cash purchase for my first investment property ...
Moshe Cohen
How to bypass the 6 months wait to refinance
Hi everyone!I have an option to buy a house for 290k with an ARV of 350-360.I have the funds in cash but was told I need to wait 6 months before I can refinance for the ARV and not for the purchase price I paid for it...
Marc Estepa
NOOB Question: Whats my next best step for pre approved financing
Background: Currently stalking a house. It’s an animal hoarder situation, and the family has put the house up for sale. Conservatively, the homes in the neighborhood and nearby comps are worth $500K. They are aski...
Christian Carson
Cash-out refinance dilemma
I have to decide what to do about refinancing two of my duplexes, and the banker is pressuring me to return my application, but closing costs are really hard to swallow. Here's the situation.Duplex AValue $90kLoan: $3...
Colt Price
Debt free or buy SFR?
Hi BP, I've got a personal question. My folks are giving us(my family) their big house in exchange for us building them a small living quarters. It'll cost $100k+/- to build. We have that saved in cash. Do we pay for ...