Dirk Heite
Is it legal to have a personal loan on top of a bank loan?
I offered an off market SFH in Oregon $510k, bank financed and a side $30k loan at $1500/mo. This was my creative way to meet her $540k asking price and my need to keep the loan below $484k so I can get a conventional...
Jason Cobb
Funding expansion under LLC
Where do I find 90% LTV funding for putting all my properties into an LLC while purchasing a larger property? The opportunity's numbers are great for my long term buy and hold, just don't know where to find the pr...
Peyton Finical
Trying to get my first deal
I’m trying to make my first deal and I have hit a bump in the road.I work for an Amazing company that has allowed us to buy their homes for a 10% discount (it is new construction). What I’m looking at is a town home t...
Bryan Pham
Limit on numbers of mortgage you are allowed in Austin, TX
I am looking to purchase my first property in Austin, TX. A 2BD, 2 BA and house hack the other room for extra income. Let's say if I refinance my house to purchase another home, how many mortgages am I allowed? Is it ...
Ben Scarborough
Atlanta HELOC Lenders
I am currently considering doing a heloc on my primary residence to buy and flip an STR property. However, my bank only offers 80% LTV. Does anyone know of some lenders in the North metro Atlanta area that would do an...
Wes L.
Online Rent Collection, 5 days pending. LATE Fee?
Should I charge a late fee even though the online bank draft tool says they sent rent two days prior to due date? Most tools give a 5-7 business day window. Last month funds didn't hit till the 7th and rent is due ...
Account Closed
How can I tap into equity of a rental property?
I own a property free and clear that we just moved from 5 months ago. It is currently rented out. I have contacted a few lenders who say I am not able to obtain a HELOC or 2nd mortgage because I do not live there anym...
Account Closed
Don't make this stupid mistake
I am set to close on my house on Friday. My realtor emails me a copy of the closing statement and a forward from the title company saying the selling bank wants the money wired to an escrow account a couple days ear...
Jason Rowlett
Are my numbers correct?
I have a condo that has risen in value and I would like to borrow against the equity to reinvest in other properties:Current condo value: $315-325,000 Current mortgage balance: $131,000Equity line I would like to rein...
Scott W.
the danger of a 401k loan
I'm sure it's been discussed before but I'd like to tell something I see (correct if I'm wrong):a 401k loan should be among the last resorts for borrowing. reason being is you pay it back AFTER taxes. if you live in ...