Rich Rifkin
How the Mortgage Industry works
I've been teaching this for 18 years and many have asked that give a brief explanation.
Banks, Mortgage Brokers and Lenders have the same rates and programs everywhere in the United States. An advertised special i...
Chris Drumm
Owner finance 8.5% rate
If you can do an owner finance deal for a buy and hold property with 5% down and an 8.5% interest rate, is that reasonable or is that rate too high? I am hearing that in this situation it is a fair rate but i want to...
Jack Chase
HELOC vs Cash-out Refi for Rental Property?
Hello all, I'm looking to pick up a rental property and am weighing the options between using a HELOC or a cash-out refinance of my primary residence and looking for experienced opinions.I just did a cash-out refi in...
Michael Johnson
Seeking Open Minded Skeptics
Ladies and gentlemen, I believe I have stumbled across an awesome strategy. Its not magic, its not a miracle. But it seems like an incredible short medium and long term play.
Before I begin there are a lot of very sp...
Amir Navabpour
Peerstreet vs. Patch of land
I have money invested in both (investing in notes for slices of their loans). Previously, I noticed alot of discontent among posters on BP about patch of land, but I haven't had any problems (granted I only have one ...
Melissa Kirchhoff
HELOC, Personal Loan, Hard Money?
Of HELOC, hard money, and personal loans, is there one that would be better than the other and why?Here's my situation:I've got some good equity in my home currently, but I would like to sell in around a year or so an...
Hau N.
How this financing deal from Wells Fargo? Fresno, CA
Hi BP members,I'm trying to line up my financing for my first investment property (possibly a triplex). I'm hoping to see what you thoughts are on this financing deal provided by Wells Fargo over the phone. I didn'...
Kasey Gagnon
First Investment Property LLC vs Conventional Loan
Looking for some advice in reference for my first investment property. This will not be my primary address, so FHA loans are out of the question. Do you all recommend buying the property with an LLC or buying it with...
Alvin Tan
besides conventional, other financing options for vacation home
I've got quoted a conventional loan on a $500k single family home but the closing costs/brokerage fees come up to be about 7% (35k) of the purchase price for a 10% down payment. Therefore, I'm looking to pay 85k in cl...
Jeff Jansen
Looking for lending advice!
I have 2 new seller financing deals that I would like to refinance to better interest rates and need a little help deciding to look for private lending or conventional from a local bank. Located in upstate NYDeal 113 ...