Sabrina Maples
Hard money lines of credit dangerous?
I've been calling small banks here in Arizona and a few of then say that they need collateral for the line of credit. Specifically my home. Is this normal? Also my lender who I usually use, advised against doing this ...
Jeff Lee
Channelview quick rehab and rent
Investment Info:
Single-family residence buy & hold investment in Channelview.
Purchase price: $204,500
Cash invested: $5,000
4/2, 2936 SF in Channelview, TX. Originally under contract as a subje...
Mikias Lulseged
Fix and Flip Refinance Seasoning Period
I just got done with my first rehab project. I purchased a SFH in bad shape, fixed it up, and increased its value by 90K. It was a clear win. After ti's is done and rented, I approached a small bank to refinance and ...
Kwame Knights
Getting financing for international investment
Good afternoon BP, In need of advice getting financing for a property overseas. My family has land in the Caribbean (Guyana) and was curious does anyone have any experience getting a loan from a US bank to fund the co...
Jessie Marcell Mouton
Where do you keep your cash?
We are in the process of doing a cash out. We’re shooting for a heloc but unfortunately my credit union doesn’t offer them, so I’m shopping around. If we decide on cash out where do I put it? I’d like to find somethin...
Danny O'Bannon
Should I get rid of my RE license
I started out as a wholesaler and that is my main focus. I am now rehabbing and will eventually acquire rental units. I got my license to help aid in my ability to find and analyze deals. However, I have no intent ...
Toby Ng
Question - Conventional fixed rate mortgage or HELOC?
Hi all,
I am a newbie in real estate investing. While looking for my first rental property (or properties) with total cost of ~$100,000, I talked to a local bank to see what are my options. Here is what they ...
Kyle Cabral
Landlord - Auto Debit Payments
Hi All,When collecting rent from tenants, i've used the traditional method of paper checks. I'd like to try automating the process with my new tenants. What methods do others here on BP use for auto debit? I see cle...
Account Closed
Investment Property Loan While Living Abroad
Hello all, I have a friend who is a US citizen living/working abroad (Hong Kong) and wants to invest in US real estate. He wants to buy with cash, but also wants to extract equity using cash out refis after 6-12 month...
Edgar Mendoza
Private Lenders for Rental Properties
Hi BP,
I need some advice, my realtor just found a off-market duplex with a great purchase price and cash flow (per BP calculator). With my other properties, I went the traditional way by getting a loan at a bank and...