Swarochisa Kandregula
HELOC Loan appraisal issue
My wife and I applied for a 200k heloc loan at a local credit union. Our house(new townhome 2021) on redfin was valued at 1.08M when I applied and the outstanding mortgage was about 682k. With this valuation I was sur...
Tom Cotter
How to best utilize $175k of equity?
Hello BP,My current situation:I live in Northern VA, I have a rental property here with about $175K in equity and have my primary residence with about $60K in equity. (These numbers are base on my principal balance ag...
Lesley Resnick
My forecast for the future
First and foremost, be safe and take care of your family's health.SO, here is how I see it. This is a lousy time. It will end, "WE" collectively will survive and overcome this, "WE" always have. It seems like every de...
Eva Sha
Commercial Real Estate Investing, how to get started or finding a mentor?
I have a background in architectural design and would like to get into commercial real estate investing, but I don’t know where to start. Anyone have any suggestions? Anyone know anyone who does mentoring for newbies ...
Hunter Wolfe
Didn't qualify for a loan, how can I still buy my first duplex??
Hey BP!I could use some guidance right now.I've been working two jobs for the past year; a restaurant job for three years and a commission-based job with a real estate investment team for the past year.I'm renting rig...
Ryan K.
HELOC ? Credit Cards? FICO 2nd Rental Property - NEED ADVICE
I'm looking to buy my 2nd rental property, but have some financial questions.1. I own my own home and can take about $13,500 for a HELOC to use as a down payment. Q - If I do this, and then try to get a bank mortgage ...
Paul D.
How does a mortgage company look at depreciation?
Hello!Normally, on my taxes, I try to break even or make a little profit BEFORE applying depreciation to the property.I recently applied for my 6th mortgage, and the loan officer significantly lowered my buying power ...
Account Closed
Breaking Down How Much Money You Need to Invest in Real Estate
Residential real estate investing has the potential to be very profitable. But how much do you need to invest in real estate and generate steady passive income?
Unfortunately, the perceived excessive costs involved ...
Kristi Kandel
lenders who vest LLC at 20-25% down for non owner occupied 4plex
Hey there! My business partner and I are purchasing an investment property that is a 4-plex. We would like to put the property in an LLC but are having a hard time getting a lender who would vest the LLC. Ideally we'd...
Lamont Marable
How does this sound for Private Money?
I asked my followers on Instagram in one of my posts if they knew anyone that wanted to make 8% on their money. Simple trying to build up my cash buyers. Two people reached out to me and said they were interested. Her...