We recently acquired a fixer upper by buying it 'subject to.' It has been cash flowing $495/mo for the past six months. Its time for a cash out refi. The lender tells me the title of the house needs to be in my per...
Hello all. I looked over the hard money lenders on BP and I am unsure which direction to go to fund my first deal. I am looking at deals that all in after repairs will likely be under 100k. I am in SC if that matters...
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I have about $26,000 of equity in my current home I’m living in. Can I take out a home equity loan to purchase my first rental property to use to cover the down payment, closing costs, etc. without having to actually...
Hi Everyone, my sister and her long time boyfriend recently moved to NC and are purchasing their first home. She is qualified for the loan by herself and he is currently in the process of changing jobs so is currentl...
Big hedge fund backed companies like Blackstone Group and Colony Capital are getting into lending... Why Now? What does this mean for flippers who use private financing to purchase distressed properties? What type of ...
hey BP,
I just wanted to make sure I am thinking through this cash out refi logically. I am looking for my first investment property so I have much to learn regarding this. I have already started the process for a ca...
Working on a 203k loan to renovate detached garage into MIL. Current rate = 2.89, new rate would be 4%. Cash flow will increase once construction is complete. Cherry on top though is this loan will qualify me for a 25...
I've been investing in real estate for over 10 years. I love working with banks but when it comes to scaling, there is just too much red tape.
It is very flustrauting when it comes to funding new deals. They would r...
I have $150k as a down payment. I am looking expand my short term rental portfolio. The homes I am looking to purchase are around $350k. Several traditional banks have turned me down because my tax returns show los...