Derek Morrison
What to Do: First Property, Can't Qualify for Loan
So I've found a property that might be a good deal. However, I won't qualify for a bank loan on anything over ≈$55,000 due to being a college student (low income and debt). What are some ways I can work around this is...
Thalia Mena
Funding For Large Investment Property
Hi BP, I’m not new to the site but have posted on here a few times. I wasn’t sure if this was the best forum to post this question but here it goes:I ran across an off market deal and the owner had proposed seller...
Christian Smith
Don't want to lose this deal and also my earnest money.
Hello all,I just recently made an offer on a home probably prematurely. I had plans to do a cash out refinance however my home was appraised at a lower amount than I thought it would be and also the closing fees are 1...
Kyle Majors
Wholesaling Transaction Questions
-how can you use funds from the end buyer to pay the original seller for the house if you as the wholesaler do not own it yet? -I know you want to have a list of potential buyers in advance but do you only have the o...
Amit Bharatia
Need some help with new LLC
Hi, me and my other two friends opened LLC to invest money in real estate business. So I need some idea what specific things need to be kept in mind being a beginner. Our other concern is to get commercial loan as a b...
P. Martin
Owner Occupied Condo. Mid 600s scores. 1099 contractor
I'd like to purchase a condo to use as my primary residence for ~80k. Last year I had a w2 job, but am now working as a 1099 contractor. Credit is mid 600s depending on where I am looking. Suggestions on how I could ...
Manas M.
How to keep insurance low?
Hey BP Folks,We just closed on our second property in Houston and I am currently shopping for a cheaper insurance option. I was told by my broker that most carriers have moved out of Houston area. I am wondering how ...
Jake Recz
Closed our first deal! All cash. Rehab -> Rent out -> Then what?
Hello everybody! I have been here a little over six months or so. My wife was all for REI. So we jumped in. On the 17th of September after going through a roller coaster ride with the bank who owned the house, we FINA...
Lee Gardner
Cash out refinance vs HELOC for ADU construction question
Hi all,We're homeowners with no other investment properties, and we're planning on converting our detached garage to an ADU. My brother-in-law (who has a few rental properties) suggested we do a cash out refinance on...
Sara Habtom
What type of loan should I go for as a first time investor?
Hello! I’m not sure if what kind of loan I should go for when it comes to rental properties. I have zero debt and my credit score is 778. The only problem is that I don’t have 2 years worth of work history. Are there ...