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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...
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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...
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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...
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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 ...
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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 ...
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If a rehabbed was not selling as fast as one hoped, and they decided to rent it out instead, how would the investor pay the lender the original loan amount - if they do not have the funds they would from an outright s...
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I plan to buy more properties, what financial resource would be best to choose?I have 3 options:1. Use fund that is currently in stocks/bond. 2. Cash out refinance— I just did non cash out refinance on one rental prop...
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We bought our first house in 2018 in Norcross, Ga and are listing our house for sell this week with hopes of netting 100k. We our unhappy with our current jobs and are looking to get new jobs and move back home with ...
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Happy new year hope everyone's having a great start! Ill get to the point i am meeting w a potential private lender this up coming week, i have been doing my homework and educating myself with what i can to approach t...