They make it sound so easy in the podcast. "Get a hard money loan, then just refinance that bitch and cash out! Easy peasy!" Here in Canada you usually can only refinance 80% of the appraised value. So you'd have to b...
Hello everyone, I'm a new investor currently looking for my first property. I'm looking into the best financing option for me. I will be buying a 2-4 unit in a suburban market between 100-250 K. I am eligible for the ...
Hello everyone!I have found great advice on this site! Our focus was income and we, my husband and I now have 3 rentals. Thanks! Now my focus is on a home for us. Recently I found a foreclosed home that we really w...
Looking into DSCR loans and they seem to be a pretty good option for someone starting out. Why is there little discussion on these loans. Is there a catch or am I missing something?
My current portfolio-
Home #1 Cache, OK, Rented out for the past 2.5 years (VA loan)
Home # 2 Lacey, WA, Primary home for the past 2 years on the 23rd of December (VA loan)
Zero cash flow
Option 1- Sell my home in...
Hello BiggerPockets,Last year my wife and I purchased a multiuse commercial building in Wisconsin with a HELOC loan. With this loan we purchased the property and rehabbed it. We now have two short term rentals on th...
Hello all,
I have a rental property bought with cash (no original financing) and owned under an LLC. I later refinanced it. My insurance policy has recently been discontinued and replaced with a similar policy (reall...
Can I create a note against my own property and sell that somewhere? I'm trying to convert some equity to liquidity.
How would I set this up and where is there a marketplace for this paper? For someone who has cash -...
If things go south with C19 I’ll need my HELOC to cover mortgages. Plus my renters are do not have work from home jobs. How many months should I prepare for? Should I withdrawal all I possibly can before they freeze it?
I have a wholesale deal about to fall apart. The seller's mortgage is a private mortgage (1st only) with an old RE agent who is 93. I have the property under contract and it's a good deal (not a great deal) and the mo...