Jonah Simmons
Question about the brrrr method from a Canadian
They make it sound so easy in the podcast. "Get a hard money loan, then just refinance that bitch and cash out! Easy peasy!" Here in Canada you usually can only refinance 80% of the appraised value. So you'd have to b...
Jordon Nichols
Should I use VA home loan when I have money to put down??
Hello everyone, I'm a new investor currently looking for my first property. I'm looking into the best financing option for me. I will be buying a 2-4 unit in a suburban market between 100-250 K. I am eligible for the ...
Devin Bost
How to use private loan money to pay down payment?
I'm trying to figure out what my options are for creatively financing the purchase of a plex. I found a banker who is willing to finance to up 75% of a purchase if I can cover the remaining 25% in a down payment.
I ...
John Slater
Pre-Foreclosures are increasing, any trends in your area?
Curious to know what you see in your state.
We are seeing pre-foreclosures continue to increase in So.Cal, and continue to see the same trends over and over again....
A lot of these pre-foreclosures have two things ...
Ken Gurta
Need lending advice quickly! Thank you
I have been working with a local credit union for almost 3 months on getting a Heloc. The Heloc limit is to be around $68,000. I plan on using most of that as 20% down payments on 2 houses that just became rehabbed an...
Derek Sperzel
BRRRR cash-out refi hiccup
I recently began interviewing local credit unions after learning they require lower or no seasoning period, versus a traditional lender, for a cash-out refi on investment properties. The issue I am finding is that th...
Mila Makhanova
Only 5% down and no PMI, too good too be true?
Hi BP community, Looking to purchase my first property and slightly short on making 20% downpayment. Working with Quicken Loans and they are offering a loan with a slightly higher interest rate (about 0.5%) but only 5...
Ethan S.
How do you use debt properly to leverage?
How much is too much leverage? What's a smart approach to using debt in a positive way and not negative. I'm completely debt free and looking at purchasing my first rental property. Trying to figure out how much debt ...
David Famiglietti
Investing as a group -- How to structure mortgage?
Hopefully this is going in the right place, and yes, I searched and found very little on the topic which I find strange, so I'm going to see if I can get more input.I have a handful of employees (3-6 that are serious ...
Steve Newsom
Fannie Mae 5-10 Financed Property Lending
Has anyone worked with a lender who has successfully used Fannie Mae's 5-10 program in California or else where.