Michelle Herschend
BRRRR with 20 year loan
Ok I feel like the math lady meme but I am not understanding how BRRRR can work and still cash flow with a 20 year loan (which is what my lender told me we could get with an LLC).Are y’all doing it in your personal na...
Jason Richards
private/hard money in Connecticut
Any idea how quickly private money can be secured for the purchase of a home on auction.com for an unknown person like me? I figure the odds are very slim, but I'll post this anyway so that I can learn.
My current h...
Andrew Jones
Rental properties don't have 2 years of income, HELOC denied
I have a primary residence I am seeking a Heloc on. I also have rental properties that do not yet have 2 years worth of income. The banks and local credit unions I have reached out to will not approve me for a Heloc...
Leonard Spicer
Buying a Property with No Money Down Using a Credit Union??
Has anyone else been able to use the difference between the sales price and appraised value of a property as a down payment, as mentioned by the guest in episode #440 of the BP podcast? He mentioned finding a credit u...
Dimas Kersh
Downpayments and High interest rate for refi
Hi all! Two questions - would really appreciate everyone’s input and advice.
1) What are your primary sources of funds for downpayment?
I’m holding several BRRR properties and I’m running out of money for downpaymen...
Richard Moreno
Refinancing with no seasoning period
My friend has a property he is rehabbing in Detroit and we are at seeing if there is other options to refinance other than private lender. Is there a bank or CU that will refi without seasoning period? Or is that even...
Audrey Zehner
Trying to sell my condo and buy farm, advice needed.
Good morning, first time poster, please forgive if I bypassed any steps before posting. I currently own a condo in La Mesa area of San Diego, CA. First time home owner. I purchased the condo in 2020 for $310,000 at 4%...
Kelley Cock
HELOC for Downpayment scenario
Looking for input on whether this financing idea makes sense. We have a primary residence and one STR which we’ve owned for a couple of years. We have about 350k in equity in our primary residence and are considering ...
Tia Gaulke
Buying First Duplex
Hello, I will be buying my dads duplex. He will be selling it to me at almost $150,000+ below appraisal. This is a big win to start with. What are my best options for loans? How do I get started? How can I be prepared...
Brad Shearer
Help for my Mom in Selling her Home and Partnering on a New Place
Looking for some advice BP Family. My mother, 85 years old, would like to sell her home and move in with my wife and myself. She would like to sell the home and use the proceeds to help us purchase a slightly larger h...