James Shahan
Accepting an EIDL loan from SBA as a Sole Proprietor (no LLC)
This is a post that details my experience with accepting an EIDL disaster loan amount above 25k where my properties are held in my personal name, no LLC. A lot of people hold properties in their personal name, includ...
Brock Y.
What type of lending should I be looking for?
I am a novice when it comes to different types of lending ( Conventional, Private, etc.) so I am looking for some help as to which route I should take.Credit: Not so great. 650-700. DTI: Great. If I had 750+ credit I ...
Blake Charles garrick
Next step in the lone process, hard money.
After partnering with an private investor, willing to put up the credit score and/or 3 months of bank statements showing at least $15,000 in the ending balance, to help qualify for a hard money loan, the company in qu...
Account Closed
My First Rentals
On April 29 and May 6, I closed on my first two rental properties. One property has been rented since May 15 and the other property is being renovated. I bought both properties with $0 of my own money. The 20% down...
Josh Kliethermes
Lender Search - Things to ask / look for
Hi BP!I am beginning my lender search. I have talked with a few agents and gotten recommendations for lenders in my area. One of the first things the lenders try to do when opening conversation is trying to get me to ...
Stone Denning
Newbie looking for suggestions
Hey everyone, so I thought I was ready to buy a house but im a little lost. Here’s my situation. Currently I am averaging about $8-$10k a month with my part time job and my business in total. I write off everything I ...
Erik Jason
Homeowner underwater on mortgage
Hello BP,I'm a novice investor just outside San Antonio, TX. I've found an older couple that needs to sell their house, but their underwater on their mortgage. The house is in very good condition, but they've refinanc...
Troy Nonnemacher
Advice to Finance out of my "Rent to Own" Primary Residence
Hi Everyone,
I have an interesting situation that I could use some advice for. My wife and I found a house for our family and used a hard money lender, that we have done some business with in the past, to fund the p...
Fred Thomas
What refinance rates are you currently seeing since the New Year?
Just curious to what Occ Owner Occupied refinance rates everyone has been getting since the new year. Haven't seen a thread like this in a bit.
Please indicate if it is a cash out refinance! Also indicate if you boug...
Mark Vannasdall
Heloc or refinance Which one is better
I have 100% owned condo what is the best way to get cash out of it to buy more properties