Brian Nichols
Deal structure and getting credit for experience
I am looking to purchase my first house to rehab and flip in the next couple months. Here is an overview of my situation:* I have a credit score of around 710 and a gross income of around $2300 per month.* I have nev...
Jack Lee
Hard Money Interest if you have great credit?
Hey guys,
What are the hard money interest rates for a SFR if you have like a 785 credit and good professional job and income?
What are the rates for different balloon times?
Elyse Douglas
Turned down for a HELOC but own our home outright!
How is it that we can be turned down for a $250,000 HELOC when we own our home (no mortgage) which is worth $550,000, a duplex we bought last year with $80,000 equity that's worth $240,000 and a business that has bee...
Jeff Ausdemore
Advice needed please
Hello everyone,We are on the verge of purchasing our 2nd rental property, and I'd love some of your perspective here.A bit of our background:We have app. 36 k in equity (according to the local credit union) in our pri...
Andres Vanegas
Flagstar Loan COVID Forbearance Options
Hi all,Just wanted to post a quick re-cap of the options that were laid out for me during my recent phone call with Flagstar Loans. Put my duplex into forbearance at start of COVID and as I am gearing up to move out o...
Kyle Moore
First Property - Finance Strategy
Hey BP Team!
I'm looking to take the plunge and purchase my first investment property. Deposit is saved, credit score is high, income steady. I reached out to my bank and discussed submitting a finance application, h...
Kevin Ha
Just got my first Pre-approved loan letter - Next steps?
Hey BP,I'm super excited because I just got my first ever pre-approve loan. I went through about 5 different lenders before one came back with an offer what I was looking for. Thank you everyone on PB for the help! Ho...
Kamenin Earl Banks
Pay consumer credit first or save money?
Hi everyone!
I need some advice. I just read Sott Trench's "Set for Life". It was a great book and I am going to follow his ideas. But I'm struggling with deciding whether I should pay off my consumer debt first or ...
Ezra Tingler
General starting out questions
Hello,I am new to the forum and new to real estate investing. I have been reading the Ultimate beginners guide and listening to the podcasts. I have a ton of questions and welcome any answers or advice.1. Are there...
Tony Mondalano
Advice on a line of credit
I’m currently in the process of finding a house to do my first flip. I initially planned on funding the whole deal with my own cash but am also interested in learning more about financing. My realtor introduced me to...