Terri Hollinsworth
Need more info on the hard money process
So I am at the point where I want to buy my first house to flip. I am so ready. I have a few potential investors but will need to get a hard money loan to start for at least a portion. I want to know more about the pr...
Nathan Hui
BRRR + House Hack + FHA
BP People,
I am considering a Quad House Hack with FHA 3.5% down. I am under contract. It needs work, probably 20k-50k (I have not seen every unit). After renovations the property will cash flow well and ROI will be...
Kyle Daniels
Structuring Private Loans for BRRRR
Greetings fellow BPers,I have been approached by multiple colleagues talking about being interested in backing my LLC that currently holds 3 SFH's in MO. As I am not looking to give out equity, I am trying to work ou...
Marie Desir
Commercial Lenders Net Worth Requirements
Do commercial lenders require that a borrower's net worth equal or exceed the property value? I've come across this requirement a few times in my research but doesn't look like it's common. Anyone had to meet that req...
Joel Castaneda
F.H.A. loan applicant
Hello all,
I am an aspiring investor in Northridge with questions hoping to get help(:
Goal:house hack 4 plex using F.H.A & repeat
1. how to apply for loan
2.is it possible to house-hck and use F.H.A loan as a...
Chad Green
Using HELOC to finance acquisition of investment property
What do you all think of my idea of a family member loaning money from a HELOC to finance acquisition of investment property?
Background:
Mom owns two houses (primary residence and a second residence that is used by...
Conner Parks
203k Loan for Garage Conversion / House Hack
Happy Thanksgiving BP Community, looking into nuances of 203k loans and it seems like you can use construction funds for adding on, curious if anyone has had experience adding an ADU, or converting garage into studio,...
Matt Engle
Financing a deal as an LLC
Hello Everyone,
I created an LLC to operate my investing business and provide protection to myself and my 2 partners. By running my company through an LLC I found it very difficult to acquire financing for properties...
Cody Campbell
What do these terms mean? Help Please?
20 year amortization85% loan to valuefloating rate daily is NYP + 0.25% = 3.75%3 year mini perm 4.24%5 year mini perm 5.20%I am familiar with the 20 year term and loan to value. What would the rate be? I have not hear...
Victor Mays
Funding Deal with Credit Cards or Loan
Hi everyone,I am starting my first flip & I'm looking for funding options. I have run into a couple of companies such as Midwest Corporate Credit, & Pathway financial that help you get unsecured funding or cre...