Mathew Nicholson
Using SCRA Benefits for Reno/Purchase Loans
I'm just starting out buying investment properties using the BRRRR method. I was wondering if anyone has ever used the Servicemember Civil Relief Act benefit of capping personal loans at 6% to fun their reno or down p...
Jean Thermitus
Debt to Income Ratio
Should I refinance my personal loan before applying for an FHA loan? Would that increase my borrowing power? Does the AMOUNT of the loan matter more than monthly payment?
Sarah Albert
Are we in danger of over leveraging?
My fiancé and I are currently in negotiations on a triplex and the inspection revealed some unexpected repairs. With the cost of repairs and the down payment, I’m wondering if we are in danger of over leveraging ourse...
Joshua Savage
Newbie from Ascutney, Vermont
Hi everyone,I am a new member here at BP, but have been scrolling over your forums and listening to some of the podcasts for quite a while now. A little information about me - I have a full time job in IT Support, w...
Faizul Islam
Cash-out refi/HELOC question right after cash purchase
I am a wholesaler. I have a property (in good neighborhood) that I have under contract for 40k. The as-is on-market value is about 100k and ARV is about 160K-170k. It is currently rented with long term renters that pa...
Cathy Bui
How to get renovations finances for Rental Property
Hi all,I have a triplex rental property which I do not live in. I wish to do renovations on it. The lenders I've spoken to do not offer HELOC or home equity loans for triplex rental properties. I've only found cash ou...
Rufino Padilla
Trying to get my first flip, but having trouble coming up with the funds.
Hello. I'm trying to get my purchase my first flip, but it seems everywhere I try to get some sort of loans can't because I don't have any experience in the game. I have also tried small banks but have been told by th...
Account Closed
After buying duplex with cash how can I refi to pay father back.
My dad and I are buying a duplex together but it was a cash only deal. So he put up all the cash to purchase the home on the idea that I buy it from him with an investment mortgage loan. We’ve run into a problem the...
Colton Reid howard
How to get LLC Loan in Chicago IL
Hey Bigger Pockets!Hope you all are doing well!I have spoken to several banks in the local Chicago area about loans for LLCs. Anything residential will have to be a personal loan and only commercial can be given a lo...
Benjamin Fishler
Developing on land -- could it really be this easy for profit?
Previously, my method has been to purchase homes and hold/rent with healthy cash flow. But now I'm thinking of venturing out.I had always run under the assumption that buying plots of land and developing couldn't real...