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How successful have folks been borrowing in LLCs without personally guaranteeing the loans?For those who have done this, do lenders rely on financial statements of the LLC to get comfortable with not requiring a perso...
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Hey all,My business partner and I put down our first offer on a property! It is a 2 unit, 5 bed 3 bath. The lender I was working with told me that we will need to put 25% down rather than 20% since it is a multi-unit ...
In the process of rehabbing one of my first brrrr’s it is a single unit converting into a 4 unit Pp 55kRehab 150k 205k all inRent 5500 a month Comps are 350kWill this be a easy refinance ? (Using hard money) and if I ...
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If you buy a duplex under market value with automatic equity (let’s say your loan is for 100,000 and it appraised for 175,000), how long until you can refinance?
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What’s a good area of the United States that would have properties to buy under 5k? Does this exist?
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I found a bank that will do 75% LTV on my property . The problem I am facing now is that the bank says they cant do it, because the property is held in an LLC. Any suggestions or advice would be greatly appreciated...
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I have a home equity line of credit that will balloon in July. I have no income tax returns that would be favorable for refinancing my house to obtain a conventional loan. My home's Market value is approximately $250...
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Investment Info:
Single-family residence buy & hold investment in Tucson.
Purchase price: $240,000
Cash invested: $60,000
Conventional loan, 25% down from refinancing my first home turned first i...
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I have a rookie question....Can one use a HELOC for a down payment to acquire a REI? Coupled with a hard money loan to Brrrr the property? Any implications using a HELOC toward a REI?
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A 10 unit deal is available for purchase from a wholesaler. Obviously would need cash or hard money. I’m not exactly sure how this would work utilizing hard money for a buy and hold. If I were to use hard money to ...