I have a HELOC on my primary residence, and I want to use that line of credit to fund buying and rennovating a distressed property. Has anybody done this sucessfully? What difficulties or unexpected issues did you e...
Here are the terms that I'm interested in putting an all cash offer:
Bank of America Home Loans prequalification required on all offers. Please allow 2-3 days for seller response. Financed offers must have BAC pre-qu...
Hey BP!I'm not sure if this is posted in the right spot or not, but I'm looking to secure $40k in private money to close on a property.Long story short...I submitted an all cash offer two months ago on a short sale an...
Hello I’m new here Nice to meet you. I’ve seen a house forsale through foreclosure. It’s fairly cheap for 32k and typical houses in the neighborhood goes for about 65k I’m interested in doing a brrrr on the prope...
What are your thoughts of using a HELOC or LOC for a downpayment then use a fix and flip loan to fix a house, sell then pay off the HELOC or LOC. We don’t want to touch our reserve so debating and looking for thought...
I realize every lender has different requirements but, I’m wondering if anyone has ever gotten approved with having $0 in liquid assets in the bank. If you have, please share.
background: Almost perfect credit just...
I have been stuck in analysis paralysis for beginning my real estate career for the last couple years. My plan is to start by flipping homes until I have enough cash to fund a BRRRR project from start to finish and th...
Hey investors! Is there a rule of thumb people use when considering whether the closing costs are worth it when looking at a cash out refi of an investment property?Here's an example scenario I am looking at....to pul...
So I was told the best way to borrow money is from a private lender. That person told me that if I was flipping homes to pay back the private lender in a lump sum after selling it. I was wondering what everyone elses ...
Great news, I got some great insight from a couple members on BiggerPockets. Thank you so much for all your help this site has brought me a lot of knowledge in a short amount of time. Originally and still I'm looking ...