Ian Salinas
Payoff line of credit?
I took out a $60k line of credit from my house to fund my first deal but I only used about $30k. With interest rates being so low, I’m looking into refinancing my home and taking cash out to pay off the line of credit...
Sam L.
Net Worth requirement on commercial/multifamily loan
Hi BP, I've got a duplex (and a condo) currently, and am looking to make the jump into 5+ units, but it seems lenders want 100% net worth on these loans. Anyone know of a lender who doesn't have that req? I am looking...
Dylan Kostak
Pre-approval: Seeking advice
To quickly discuss my situation, I am in my final semester of college lacking the proof of income to qualify for a loan. I'm looking to BRRRR and have a private lender lined up ready to fund my first deal. I have not ...
Stephen Briggs
Looking to finance a rental property
It would be my first investment property and I am working with little money. What would be the best way to go about financing my first rental property? What are general qualifications?
Bill Brady
What's a good loan rate?
Hello Bigger Pockets Family!
I have a quick one for you --> What's a good rate for a 30 year fixed loan on a duplex? I was pre-approved through Bank of America with a 4.5% interest rate but am not sure if that's...
Chris Phillips
Out of State Rental Property Line of Credit
My wife and I live in Kansas City. We own 2 rental properties outright in Arkansas (one is on the Missouri side one on Arkansas side, both towns are the state line).I purchased them both cash. (A mistake looking back)...
Andrew Towns
Newbie in Edmonton, Ab
Hi everybody, and thanks for taking the time to read my post. I've recently developed an interest in real estate investing, leaning more toward residential cashflow type properties, but can honestly say I have no idea...
Rusty Pollard
Need Creative Ideas! Two Properties, Partially Seller Financed
Hey guys! I've got an opportunity on my hands and I'm looking for some creative ideas from our BP community on how to best package this deal:Two properties to purchase from an old landlord who is ready to get out of t...
Lincoln Coverdale
Cash out Refi or Line of credit on a $50K investment property....
I am looking for advice on either getting a cash out refi or line of credit on a SFR investment property that I own out right and have 1 year rental history. The house appraised for $65,000 last year and I am only loo...
Charles Johnson
Under writers??????
Hello, I have a question. I am in the process of closing a deal and I just got a few questions from the underwriter, and I need to know how do I let them know whats going on without them bailing? I intend to be ho...