Bruce Ray
Acquiring a HELOC snag
I live in Texas and was told by the lender representative I qualified for a HELOC on my home. I was really excited because this was going to be an awesome investment stream. I received a phone call from the loan speci...
David Huynh
Poll: Best places to get mortgages (credit union vs. big bank) and best approach to...
Hey BP,FYI - New to posting, so let me know if I can do a search or if this is in the wrong forum section.It seems like a no brainer - What is the best way to get mortgages? Have you found working with a local small c...
Chris Delacruz
Due Diligence, and Hard Money lenders
Hello all,
I have 3 questions that I am a bit confused about.
1- They always say do your research and due diligence on property, but how can i find out if the property has any back taxes or liens that w...
Lupe Santiago
Table Funding - Brokers using their own name then assigning Note / DoT
Hi,
There is an individual I know that is trying to get me to fund a note that he is brokering. He structures the transaction so that the Borrower executes the Promissory Note and Deed of Trust in favor of the indiv...
Elisa Sacchetti
First property: multifamily with FHA loan questions
Hello! I am very excited to start my real estate journey with purchasing my first property soon. My goal is to purchase a property within the next 6 months. I just got my first full time job, so I am trying to save up...
Jordan Blanton
Payoff student loan or rental property
My wife and I are about to sell our old house (already living in another one) and we're looking to make a good amount of profit on it. My question is: Do I pay off my student loan or my rental property?
Rental prop...
Gabriel Hamilton
Second-Home Loan on a Multifamily Property?
Hey BP Community!I'm scouting properties in upstate New York and found a great duplex. It has an existing long-term tenant in one unit and I plan to STR the second unit. My question is: can I get a second-home loan on...
Naseera Mohamed
Buying real estate through a company
We are just taking baby steps and God-Willing, closing on our first deal next week. Its a 2-family REO. We would like to form a corporation through which we would like to buy more deals . How do we get started afte...
Account Closed
Financing for Resi Mortgages under a Multi-member LLC
Hi, I'm looking to purchase a single family home with a partner and am trying to wrap my head around how to structure the financing on equal footing while purchasing through an LLC. My understanding is that by buying ...
Brian Wensel
Adding 2 units to multifamily property with a garage conversion
Hi All,I bought a 3 multi-family family property back in July with an FHA loan (I am house hacking and renting out the other 2 units.) On the property there is a large garage with the same property address that needs ...