Hello all,
I have been having trouble acquiring a investor loan line of credit to acquire my second property. My credit score is good(750) and I have enough for 25% down on a 250K home(which is the price point I am l...
What is the benefit of using hard money lenders when the interest rates are so high? If I have the capital just go to my bank I bank with correct?
Hey all- My wife an I are newbies to this whole thing and I am thankful for this forum and network of people! I run a construction company and receive a W2 but our 2019 was a rough year for us so our tax returns are s...
I've always been a big believer in long term, fixed rate debt - and I still am. What's better than eliminating interest rate risk on a deal for 5, 10, 12, or 35 years in the case of a HUD 223(f)?That being said, as th...
Small home town bank! Saying only fund 75% of deal so im assuming that means they require me to give 25% down? Looking for advice on better options or pros/cons of balloon?
Hi guys, just had quick question on whether you would dump a single family house that has about $120 to $150k in equity to fund a multi or a (multi) multi purchase. Or rent out the single family. Current rents of simi...
Project ADU Add
Currently I have a property in California I'm looking to build two ADU. Should I use HeLOC, Construction Loan or Hard Money to build? I'm on a 2% 30 year fixed loan I have good credit, I owe $240K cu...
BP Nation!
Thought I'd do a little crowdsourcing on a question here in Denver: To 1031 exchange or to cash-out refi? We're leaning one direction, but it's fun to see the thinking of the BPsphere. Here's our scenario...
So first off, I’m a real estate agent that works specifically with real estate investors. I preface this post with that because most agents that work with a majority of retail buyers will not understand the advice tha...
I have a primary residence I am seeking a Heloc on. I also have rental properties that do not yet have 2 years worth of income. The banks and local credit unions I have reached out to will not approve me for a Heloc...