Christopher Erwin
Tips for Refinancing a HELOC after Divorce
Hey BP community, need some help re financial planning for my parents. In the event of a divorce where 1 of the 2 signatories wants to be removed from the HELOC, the bank instructed the HELOC will have to be paid off ...
Xia Ji
Pre approval or deal first?
Greetings! I'm interested in doing my first fix and flip and have been looking at hard money loans and portfolio loans. I've been doing some reading on the forums and I'm a bit confused about whether I should be getti...
Chris Jones
I should become a landlord? Opportunity or pitfalls?
I downsized for financial reasons, and have been speaking with potential renters. I'm posting to get advice to make sure it's a good decision. The alternative is to spend more time/money into trying to sell the house,...
Joshua Ostler
Using a Heloc for Down Payment?
I have 100k in equity in a long term rental (was a previous primary residence). Would it be wise to use a Heloc for a down payment on my first investment property? Doing so would give me two mortgages and the Heloc. S...
Michael Wexler
How to Build a Business Line of Credit
I have an LLC that is 6 yrs old but has never been used. I have an EIN and a DUNS #. My question is how and where can I go to start building a cash business line of credit of at least $50,000?I have been online look...
Rasheed Chambers
Hard Money Loan for Beginners
I have a few questions about hard money loans such as:How does one approach a hard money lender? What kind of preparation is needed before reaching out to a hard money lenderAre hard money lenders worried about credit...
Steve S.
Considering adding an 8 capnduplex to my portfolio
this question isn't so much about if this is a good deal or not, but more a question of when and how do you decide de to expand your portfolio. I have several rentals all of which are < 50% equity. I'm considering...
Tyler Blackburn
Newbie in the North Dallas area
Good evening all!My name is Tyler and I am a full-time student at UTDallas, a full-time hospital pharmacy technician, a husband, and father of 2 (soon to be 3). Over the past year or two, I have read a few financial f...
James Allen
Making Offers with OPM - Private Equity Partnerships
Hi BP Community,I am looking to partner with people on Long term Buy & Holds (1-4 units at the moment) and I'm finding myself in a bit of a dilemma as I'm trying systematize this process. I realize that for me to ...
Octavous Crosby
Now What Do I Do I Got The Deal Under Contact But Not The $$$
What's up family I have a little issue going on right now and hopefully I can get a little feed back and ideas, ok I found a nice 3/1 brick property he was asking 26k but got hime down to 13k I put the earnest money ...