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I wanted to ask a question from some seasoned investors. Little background, I have purchased 9 SFR's through conventional loans with 30-45 day closes. Although, the rates are good and it has been fairly simple, I wa...
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I have a lot of equity in my home so took out a heloc to start investing. Interested in hearing if you had cash available via heloc what route would you go to financial freedom? I have 1 rental currently I bought 3 ...
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Hi BP members,
I’m just starting out and had a question about FHA loans. I’ve been reading about how some investors fund their properties on FHA loans and live there for a year before converting it to a rental. Does...
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Hello!Looking for a bank that will do a construction loan for a property in Los Angeles, CA. This is an SFR and we are looking to finance as a second home.Thanks in advance for your help!Kathlyn Lewis
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Hey Team
The short version:
Who do I talk to about a deal where I have a private lender providing the downpayment and a standard portfolio lender providing the rest? Do I need to tell the portfolio lender that so...
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How do I know if a private lender is a scam artist? I'm worried about sending an application fee if I can't find their website or they don't post much.
I am going to do my best to make sure this is not long winded. I have bought and sold 8 homes in the past 8 years (flip properties) and have been fortunate to make a decent return on every property with the exception...
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Hello,We have several buyers for a mini subdivision. What's the process, tips or recommendation for having the buyers close on the lot and the new construction loan simultaneously (single close)?Will we need 2 separat...
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I am relatively new to the BP community, however, my wife and I have been listening to podcasts for a few months now. We purchased our first home in January utilizing the VA loan. I want to start a discussion with tho...
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Hi All:I own a property that is currently a rental. I am interested in tearing it down to build and sell. Currently, I owe approximately $170,000 on the loan. I estimate construction costs to be around $250,000. I was...