Hi Everyone,I'm trying to assist someone in obtaining a loan. The person in question:Owns primary residence (300K)Has +-300K in equitiesIncome of $35,000They took out a HELOC and used those funds to buy a 4plex for $1...
So our first BRRRR property was moving along great. We paid cash and renovated and received a great appraisal. Lender said my retirement account would count as reserves (since we would spend most of our liquid cash on...
Has anyone had any luck with gap funding? Are their any pro's or con's? Thanks in advance for your response and knowledge!
Has anyone delt with a hard money lender then financing at the end to a traditional bank? Was the process difficult, would you do it again? What are some things you learned. I am thinking about using hard money to fu...
Hello,I'm looking to begin investing in syndications in the near future, but was interested to hear some opinions on picking individual deals versus some of the funds I have seen. The funds seem like a good way to gai...
Hello BPers! The deal: 1. You have a paid off mortgage on an investment property intended to be an inhertance.2. There are 2 family members on the deed.3. One family member is retired and shows less than 35000 per ye...
Looking to invest in rental property in the midwest where there are tons of sub-$70k properties which means I need a $50k mortgage, but doesn't seem like anyone wants to deal with that.
Being new to this...how many houses in total are you allowed to have financed? Or can someone direct to a form, for the answer, please make sure a newer form.
Thank you
The House of Representatives passed a new law called the "Equal Opportunity for All Investors Act" with a big vote. This law is meant to change who can be considered an accredited investor in the U.S. In the past, bei...
Hello,I’m looking at a MHP and I was curious as to the terms that everyone is seeing for deals. I’m looking for some type of benchmark. Thank you!