Jackie Mesa
Trouble Getting a HELOC on my house
Hello Everyone,I have a home free in clear and i was recently trying to get a HELOC. The bank denied me because of Debt to income Ratio. My house is worth way over 400K, what would be the best way to approach this? Th...
Andrew D.
mortgage advice on vacation rental / investment property
Hi BP folks,I'm completely new to real estate investing, so I'm still in the process of learning the ropes. I've learned a lot from the forums and podcasts so far, but before I pull the trigger on my first property, I...
Alexander Chavez
$100K to invest in a flip in chicago
I plan on using leverage from my current property to invest in my next project. I have about $100K (possibly up to $130K) that I can access through a HELOC loan. I have a few ideas on how to get the ball rolling wit...
William K.
Multi Family REFI Strategy
Im sure something like this has already been covered in the forums but I just have a couple questions..
I have private investors lined out for 9% APR (Interest Only), which I will use their capital to buy multi-famil...
Erika Noonan
Commercial Property 1 million, what worked for you?
Hello! Please let me know what has worked for you and what your great ideas are. We own a home with some accessible equity immediately (maybe 75K), have a decent amount in 401ks. Looking at a commercial property for...
Kathie Meyer
Is a Reverse Mortgage a Good Idea to Get Started?
I'm new here, but I grew up with a dad who was a real estate broker and funded his retirement with his buy and hold and then carry the contract when sold strategy. I also have education in real estate appraisal.Anyway...
Ryan Braman
Contractor license exemption for rentals????
I've been doing work on a couple derelict houses that I bought in order to get them up to rental standards. The City Building Official freaked out that I've not used a licensed contractor for ALL the work..I used sepa...
Michael Randle
Hard money lending question.
Hello BP,
I want to run a scenario by everyone too see if I grasping the fundamentals of Hard Money Lending.
My understanding is that HML can be ~70% LTV and can be used for improvements and repairs.
Let's say I ...
Kelley H.
New Member from Oregon
Hi everyone, my name is Kelley Hook and I live in Corvallis, Oregon. I am a Certified Financial Planner and President of a fully independent, fiduciary, investment management firm.I have been interested in real estat...
Ryan Kelley
New Member in Maine
I'm a new member looking to start building my investments in real estate. I currently work as a merchant marine on ships in the Gulf of Mexico. My wife and I both enjoy improving houses and REI will be a good way fo...