I'm trying to be safe when I wholesale property. Right now when I market my lead, I always say "contract for sale", not "property for sale". I assign the contract when the buyer wants to move forward, generally within...
I have investor clients tell me about their giant lines of credit available for cash purchases... in your experience, are these relationships with local banks? private money?
Hello BP Community,I am planning on making my first purchase(s) in the next few months and spoke with a few portfolio lenders and it looks like using the HELOC for financing is a great option. My line of credit will ...
I currently own a rental property that is financed with a standard mortgage. I plan to sell and 1031 exchange this property in the next 12-18 months. I have a priority credit line on my brokerage account that is now &...
I have been trying to use the BiggerPockets rental property calculator and interpret the graph. This doesn't look like the best home to buy, but where I'm having a problem is interpretation of the graph. Green is i...
My wife and I have a paid off home that will probably appraise in the range of $1.1M to $1.2M. Our Financial Freedom plan has us looking to purchase one STR investment home per year. (We purchase our first one last ...
Just started doing business and would like to know how to get business loan for my property that I have found.
So the initial purchase i use my lines of credit for he purchase of the property. Then I use all my rental income and cash from my business account to rehab it and when I run out I use more of the lines of credit. Am ...
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*This link comes directly from our calculators, based on information input by the member who posted.We have $225K in open Line of Credit at 3.875% ready to use to purchase a property. I ...
Hi All. As houses have increased in equity, what are the positives and negativesof getting a credit line in that equity for a next purchase? Aside higher volatile interest rates, what else to be cautious about?