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In the past week I have recieved a phone call from two seperate banks - US Bank (I use for my rentals) and a local bank (I use for flips) both wanting to know if I was in need of any financing.
I haven't received a si...
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Hi all,
I'm a Realtor in Chicago.
A friend referred a customer to me who wants to buy a small storefront, which happens to be an REO property on the Chicago's South Side. He has spoken to the bank, agre...
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How's it going BP?
Im having trouble finding anyone that will finance me, I'm a 19yr old college student, fair credit 650+, 3yrs on my current job, never missed a payment on any of my credit lines, paid my first v...
I have a 5 plex (one bedroom units) property I want to refinance. I owe about $80,000 (balloon due in 2020)on it just had a comparative market analysis that valued it at $245,000. Brings in about $2,500 +/- in rent ...
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Good Evening Ladies and Gents! First time poster, thanks in advance for the assistance! I recently completed my first flip in Anderson, IN and made a modest return. Looking back on the deal, tho, I think it would have...
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Two months ago, I closed on a triplex using a 20% down conventional home mortgage. I had intended to live there, but I came to realize that my commute to work wasn't feasible. Also, the perfect alternative living situ...
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Has anyone approached a bank / financial institution to propose opening an UNSECURED line of credit solely for use to buy, rehab and either hold or flip? If so how did the presentation go, what was covered, what were ...
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Hello everyone,I am dealing with quite a frustrating situation right now that I was hoping to get some insight on. I am trying to do a cash out refi on a rental I purchased all cash, was told I was clear to close, an...
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Hi BP, trying to change the title of my rental property out of my name and into my LLC. The bank said that it was fine however they will still report to my personal SS# and the insurance must stay in my name not the ...
I've been told that having too much equity in rental properties is not good. But I have resources that are not working for me. We all know what banks are paying in interest these days. The stock market is too risky. S...