Chris G.
Getting HELOC with no income proof on ~$750K worth of homes?
Have a question...
Is it possible to get a HELOC or collateralized loan based on multiple SFRs with about $750K of equity without having to provide tax returns and being self employed?
Is this something that would fa...
Kevin Sullivan
Bank Owned Properties
If a bank owns numerous houses and empty lots in a subdivision because the builders went bankrupt and some have been under their ownership for over 3-4 years are they required to pay the HOA for dues on these properti...
Frankie Lotrec
Loan affected by adding unit to a quad?
Hello, please bear with me as I'm a relatively new investor. I have a quadplex it has a basement we roughed in to add a unit one day....well, we're thinking it's "one day". My question is, since we may not need to bo...
Mitch Kronowit
HML actions in case of default
Originally posted by Jon Holdman:I'm taking back a house this week because the borrower hasn't been able to sell it.
Jon, sorry for the thread drift, but I've been wondering, when the lender (you, in this case) fore...
Michelle Lutz
Need advice, is this illegal?
This is going to be long, hope it makes sense. 9.5 years ago 6 investors got together and purchased a 42 door condo complex. 3m cash was put it and a 3m loan was taken out. Rents have paid down the loan and it will be...
Atul Mohlajee
Bought a 5 unit storefront in Rogers Park
Just bought a 5 unit storefronts in Rogers Park, IL. Property is cash flowing some although it was zero down payment with 100% financed as a commercial bank loan.It is good to be part of Bigger pockets for advice, ju...
Greg Lovern
Washington State lawyer Jeremiah M. Long and Due On Sale Clause
Googling for information about Due On Sale clause and the Washington State non-judicial foreclosure process and timeline, I stumbled across this interesting bit from a Washington State lawyer's obituary:Not content t...
Keith Fowler
Buzz kill in Nebraska
Has anyone in Omaha Nebraska used investor money to get a bank loan without waiting for 2 months of statements?
Matthew Thorp
going from hard money loan to 30 year conventional
I have heard different answers but my situation is I have a $200,000 loan from hard money and want to take out a 30 year loan for $200,000. My question is the house is now worth $275,000, can I take the equity of $75,...
Samuel W.
Financing question concerning a 40 unit apartment complex.
My business partner and I are looking to purchase a 40 unit apartment complex. We collectively have 25% to put down on the loan. For context regarding our respective financial situations, my business partner and I bot...