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I'm having a helluva time trying to get a few of the lenders that I have spoken to tell me how much exactly I can look to borrow for a conventional loan on a new residential multifamily purchase. All I want to know i...
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I've been hearing some murmurs lately about people using their IRAs as collateral (?) to "borrow" funds to use for down payments / rehab financing for real estate projects. A family member of mine passed away a few ye...
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Hello! I've been flipping for ~10 years now (just very slowly - 1-2 per year) and have done well on each one. I've taken the profits and invested them in 4 rentals (and a personal res) over the course of that time. Th...
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Would love to get some input from people in regards to our situation and what the best strategy is to increase our real estate investing strategy. Here are some details:1.) We have a SFH paid $113,500 for in March 201...
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So to all of you out there that use hard money to buy your flips, are you making a cash offer or an offer to purchase with a mortgage? Someone asked me about this today, and I have no experience with this. The group I...
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Please note, I have re posted this question here since it is a finance question.I would appreciate any advice that someone can provide on what my best rout might be for financing a flip. The issue that I have is that ...
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I have cash bought, LLC owned property.I wish to keep the property & borrow against it to get a line of credit or a cash out refi.-Does anyone know of lenders who who will assist me?The 5 local banks I contacted s...
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Hi All,
I'm very excited to get started with real estate investing. I bought a house last fall in East Austin. Seeing the booming market landscape has inspired me to get involved. I'm interested, ultimate...
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I am struggling to refinance my triplex because it is in an llc. I own the triplex out right and believe it will appraise around 230,000. It rents for 2275.00 and the NOI is around 1100.00 per month. I'm looking for 1...
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Hello!Long time BP-listener, first time forum-poster here. I tried searching the forums for a similar thread, but I couldn't find anything on this specific topic. Not sure if this is the right sub-forum to post to --...