Harjot Gill
How to structure Private loan for rehab cost
Hi,I'm planning on lending to an investor that needs money for rehab costs. He already has a short term loan that he used to purchase the property.He needs extra money to over the rehab cost.How to should I structure ...
Winston Yang
Would I qualify for a loan?
Greetings to the big pocket community.I am a US citizen with 800 credit score, 3 rental properties that are generating income. They were cash purchases, free and clear. However, rents are my only income in the United...
Lenny Wilbourn
What am i doing wrong
So i have spoken with two brokers in the past three months, i had a very hard time getting the first guy to call me back, he missed appointments, didn't return emails and just left me high and dry. I almost gave up bu...
Ryan K.
HELOC ? Credit Cards? FICO 2nd Rental Property - NEED ADVICE
I'm looking to buy my 2nd rental property, but have some financial questions.1. I own my own home and can take about $13,500 for a HELOC to use as a down payment. Q - If I do this, and then try to get a bank mortgage ...
Mark Perea
Credit drop due too my mortgage being sold off
So I’m having my Coffee and getting my financials ready to go meet my lender today to do my first deal. I check my credit score and notice my score dropped from 700 to 648. My mortgage company sold my mortgage on my p...
Jerry Calhoun
MLS Listing & Realtors
I came across a 4 unit apartment bldg in the MLS listing where it stated could possbily do a short sale. I figured it might be worth looking at doing a sub2 with the owner. I called my agent to get the details on rent...
Landon Fillmore
My first property - owner occupied 4-plex
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $675,000
Cash invested: $23,625
This 4-plex has townhouse style units which is ideal since tenants don’t l...
Kyler J Sloan
Financing Renovation without tapping equity
I am in the process of getting a short-term rental ready, but made the mistake of applying for renovation loans AFTER the mortgage went on record, making my DTI too high to qualify for personal loans such as Sofi. In ...
Azita S.
Pros and Cons of HELOC vs Cash out Refi
If you had equity in your rentals and wanted to leverage that to purchase new rentals, given today's market, would you do HELOC or cash out refi for down payment on new properties?
Erik Schubert
Next financing move
I want to make another move, but I'm nervous about mortgaging myself too much, then come the day I want a house of my own, I can't get one. I have one 30 yr mortgage on my plate right now. I can live in my rental for ...