Lydia Bolling
Next steps after rehabbing: Pull the money out or payoff
I purchased a foreclosure with cash at a auction. I put in about 25k of my money, and I want to pay myself back. This is a single family dwelling. What would you advise as my options?
Matthew K.
Can I get a HELOC on a rental?
I currently have a house on the market that I previously lived in for the past five years. I want to rent it, cashflow the property, and take a HELOC out to do further investment. Is it possible to get a HELOC on a re...
Carl Stigall
Selling before rehab\free and clear\flipping houses
I recently received a property from my father, in agreement that I can have the property, all that is needed is for me to pay the back taxes (which is around 1-3k). The only downside is that the house is just a shell,...
Aysel P.
Cash or HELOC? A question from a brand new investor.
A real newbie here. This question is probably asked a lot.
My offer just got accepted on an investment property. Sale price is $200K and I plan on making 25% down payment. Would you use cash or HELOC from primary h...
Connor Mckelvey
How to get an Unsecured PLOC?
Hey Folks!I’m 27 and I own two cash flowing rental properties. My income is roughly $170,000 pre-tax from my W2 job including salary, bonus and stock + income from my properties. I have 0 debt (besides the mortgages o...
Brandon Shipe
New user with a mortgage question
Hi all, I currently own a house and am trying to secure another mortgage to purchase a property to flip. I rent two rooms in the house I live in. I was told by Wells Fargo that my rental income would not be acceptab...
Erin Winkler
Tenant Screening Question
I want some opinions on a situation I am in. I am getting married at the end of June. I am moving in with my fiance following our wedding. But, before we get married we are going to apply for our first apartment...
Gabriel Haney
Cant sell your Property in California or Colorado? You just did!!
Hey BP Community!I'm a Loan Officer and Real Estate Investor in Colorado, California, and Hawaii. Being a Loan Officer since 2002 I know that only 18% of Home Buyers can get a conventional purchase loan. I also work w...
Damon J.
Conventional Mortgage with LLC?
I have purchased a triplex which I will be renting out. The purchase was made with a conventional mortgage and in my own name thus the best financing options.
Obviously it would be advisable to own this property in a...
Jeb Brilliant
Need to open a business account but where?
Hi All, I am pretty sure I asked about this before but I can't find the thread. I talked to my tax guy again and he is making me open a bank account at a different bank. Well technically I bank at a credit union. I am...