Aaron Heers
Hard Money loan exit plans
For people that use hard money loans frequently. What are the best exit plans when using Hard Money Loans?
Patrick John
Creative structuring for first time home buyer
Hello all, new to BP as I am looking to get into REI. My first plan is to get into a primary residence. There is a house we love that was put on the market 1/4/23 for 499K , it was just lowered to 479K yesterday. The ...
Mark Humphrey
Financing an Income Producing Property
We are considering purchasing an income making property and business combined, 10 acres 3300 sq ft home and barn. Venue is rented out for mostly weddings. Current revenue last 3 years (as worked part time) is 75-95k a...
Account Closed
Loans and Overdraft
Hello BP, i read somewhere that you can enjoy low interest costs and flexibility by combining both term loans and overdraft. Sadly, my brain can't get the reason behind it.Any one here in BP know the reason or had use...
Colton Joseph
FHA Construction Loan
Hello all, are any of you familiar with the FHA one time close construction loan? I am looking to get a little better idea of what it requires particularly in the income verification/income requirements area. If you k...
Farril De foor
loans for homes and apartments
I was working on getting a loan. Are there people who do loans in the LLC's name. Could you do a blanket loan in the LLC's name and combine all or most of our investment property? I suppose if we put all of the LLC i...
Daniel Fuentes
Refinancing loans under $50k
I just purchased two homes for 43k a piece via hard money loan. I now have 2 loans about $37k a piece that I need to refinance. The lender that pre-approved me forgot about the $50k minimum loan amount on the refina...
Jarret Durst
Keep saving or pay consumer debt?
Hello BP People,I’m in a situation where I have approximately $8k in car debt & $20k in school loans. I have about $6500 in my bank account and growing that by about $1000-$2000 a month. Would it be best to focus ...
Scott B.
4-plex or 5 -plex?
BP's,I'm looking at a property that has 4 units in it. These 4 separate areas are a 1 bedroom and 1 bath. There is also a duplex attached to this building, so I'm assuming for lending purposes, this building is classi...
Justin Elkomy
Conventional Loan Question
Newbie here. With a 740+ credit score, how much of a down payment can I expect through a congenital loan? For example, if I wanted to put a down payment on a $200k condo, do I HAVE to put down 20% each time? Thanks...