James Dillard
Loan source for 2nd investment property
I'm looking into buying a 2nd rental property. I have enough equity in my first rental to cash-out refinance a down payment for the second. After speaking with a lender I found that the interest rate would be quite a ...
G. Doby
BRRRR- is there a reason to choose hard money first over bank?
I've noticed that investors tend to use a hard money loan for the first loan for their Brrrr and then get a bank loan?... Is there an advantage to this method? I have a triplex I have owned for 2.5 years now. It needs...
James McGovern
Are Hard Money Loans always more expensive than Bank Loans?
I am looking for a loan where I am putting 20% down on a multifamily property and wanted to know whether it makes sense to bother looking at the hard money lenders on biggerpockets or should I only consider banks?
Austin Snyder
Question about Huge Jump in Escrow Payment- Pending Foreclosure
Hello I'm newer to working on pre-foreclosure properties and I'm working with a seller to try to take over their mortgage "subject to." Their payment used to be about $400 but it's jumped up to $1,400 with about $1,00...
Collin Radack
Richmond, Virginia area- Need advice
Hey everyone!I may have a potential job offer near University of Richmond campus. I'm looking to buy, stay for a year or two, then rent long term. Anyone in the area have any advice?I'm a little hesitant to buy in an...
Jason Smith
Do lenders have HELOCs for Investment properties in Texas?
Hi community, I have a rental unit that I own outright and would like to do a line of credit against but I cant seem to find lenders in texas that do LOC on investments. I am being told that a HELOC is different sinc...
Neel Iyer
ARM versus 30 year fixed
My goal is to get a conventional loan to buy and hold a single family rental to generate a positive cash flow. I am looking for a rule-of-thumb or general advice, not specific to my situation because there are so many...
Eddie Lozada
Debt-to-income is my barrier
Hello Everyone! I will try my hardest to keep this post short and sweet.
A little bit about me. My name is Eddie, I live in the Los Angeles area with my Fiancé (I get married next month) and 1.5 year old son, Enzo. ...
Travis Henry
What to do with a $1 million house?
My grandparents are retired and own their home outright here in Hawaii. It's probably worth a little over $1.2 million , and they're considering selling it and moving to Las Vegas.
Their plan is to buy two SFHs in Ve...
Hunter Harmon
House Hacking in San Diego
Given my circumstances, I'm exploring the possibility of house hacking in San Diego for my first property. I've been searching for residential multi-families in the $1M - $1.3M range to offset my mortgage by renting o...