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Borrow for Down Payment
I'm eligible for a loan from Lending Club for $24k. Can I use this money as a down payment for a conventional product/hard money skin in the game? Or is there some rule that bans borrowing for a down payment?
Andrew Cowles
Putting an offer in on my first deal
I’m analyzing a deal right now. It’s an MLS property. 3 beds 1.5 baths 1281 sf and no garage but a car port with an asking price of 110k. It’s a full rehab(new roof, new drive way, siding is good but a has a few crack...
Matthew Lindsey
Cash Out on Paid Off Duplexes?
Hi,I have been thinking about trying to pull cash out a property of mine. The property is two duplexes on one piece of land so technically it’s 4 units. The property is paid off with no mortgage. I’d rather not do a H...
Christi Lane
FHA Funding in Los Angeles Area on a 4-Unit Building
Hello! I am looking into House Hacking in the local area where I live (Los Angeles/Orange County). I spoke with a lender about the possibilities of doing an FHA loan on a 4-unit building. He said that in order to qual...
Kristina Pearson
Found an off-market deal; unsure of what to do next
Hi ya'll! I just came across my 2nd off-market deal, which has caught me off guard. I don't feel like I'm in the financial position to move forward, but I know I'll regret it if I don't. I'd like to acquire this on my...
Primal Patel
I rent but want to buy to rent to others
Hi All,
I live in Chicago, IL and I am currently renting an apartment with an 18-month lease. After signing my lease I stumbled upon the book "How to Invest in Real Estate for beginners." This inspired me that other...
Shawn Blake
How to secure a loan as self-employed / through LLC
Hey!So i've been on BP forum for some time now trying to figure out how to get in the game. A lot has changed and recently i left my corporate job where i was making over 6 figures to open my own production company th...
Christopher Murphy
How can I beat out cash buyers over listing price?
Hi All,I am currently sending in offers for my first house hack. A condo in my area came up at a great price and location. Listing agent said there are cash buyers with offers well over list price. I am a preapproved ...
Blaine Prater
Can you wholesale a deal to non-cash buyers?
How do you get around the selling to cash buyers only? Overall I know pretty much everything when it comes to this stuff. I know they have to get a hard money lender then refinance the deal to get money out. I want pe...
Ron Singh
Refinancing via big VS small lender ?
Planning to refinance primary residence, what options would be better in terms of low closing cost and optimal fee (if any)how much closing cost, hidden fee and other fees differs between no name lender VS big lenders...