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I'm totally new to REI and need some guidance to my specific situation.My wife and I own a 2 bedroom house in Adrian, MO we bought 4 years ago as a HUD house for $30K in cash. I'm getting close to finalizing the rehab...
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Anyone using cash as collateral for a line of credit? I've got a local bank that will provide LOC that's 2.5x the cash amount (100k in cash gets you a 250k credit line). Curious if others are getting better/worse offe...
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Hi there, I am a newbie in Houston and looking to do a quick buy and hold property to test the AirBNB model. I am looking at properties that just need a little lipstick and rouge and not the full blown BRRR....right ...
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The perfect property that checks all my boxes for a short term rental just hit the market today and I don’t have financing in place!I would like to put in a full price offer on a studio near the ski area of Big Sky Re...
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First post and new to bigger pockets! Need some help. I want to cash out refi 4 properties I own free and clear. They are owned by my partnership, and the lender I talked to said that is considered commercial and t...
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Hey! I am looking at 2 potential fixer uppers in gloucester county for a personal residence that I was thinking for a 203k loan. I am new to this process but I understand that it needs to be done right and someone exp...
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So I'm looking for lending options and thinking about one in particular. Being fresh/new to all this i'm not sure what's "standard" or even if there is such a thing. So I would like some input on these fees outlined. ...
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My question is how fast can I refinance out of a hard money loan and what are my refinancing options? I'm guessing a cash out refinance wouldn't be applicable, but a term/rate refinance would? And if I understand it c...
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Hi Everyone,
I need help identifying a strategy for a deal I'm trying to pin down. I have a motivated seller with a 4 family. They have just a handful of years left on a 15 year mortgage, I don't know the exact ...
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Hi!So, I am under contract for 11 rental units in 5 buildings. 3 units in one, 2 units in the other four buildings, all on two side by side properties.I am being told I cannot, per Fannie and Freddie guidelines, finan...