Robbie McCarthy
Refinancing with no W2.
I have a substantial cash sum in a money market account from a company sale. Against this I have a large LOC to use to purchase high ConC rentals and high potential flips. I have no W2 income. I get income from a cons...
Gedaliah Fineman
Seasoning for Cash Out Refinance on a Hard Money Loan
I was informed of a new regulation requiring 12 months of seasoning in certain scenarios and wanted to find out if this would apply if the primary loan of an investment property was a hard money one. It seems to not a...
Nadia Elabbar
Where can you save on closing costs
Hello dear Biggerpockets community,
I am a newbie here. How much can you save on closing costs if a property purchased through hard cash/private money vs the bank? Many thanks in advance.
Guillermo Nadal
Loan structure help
I’m finding a lot of good deals in single family homes. The prices of the houses are between 20k and 40k and repairs are between 20k to 30k depending of the size and conditions of each house. My cash won’t support to ...
Heath Thomas Jr
Blanket loan question
My Partner and I have 1 rental property currently, valued at 200K. Our goal is to pick up another 3 (at least) by the end of the year. Ideally, we would like to purchase 3 using hard money and refinance out under a bl...
Selena Walsh
Recommendations on Private / Hard Money Lenders?
Anyone have recommendations for private or hard money lenders for (relatively) new investors. We have 2 rental properties, looking to expand. Primarily focused on finding places with good, near-immediate cash flow o...
Mark Welp
Private/Hard Money for a downpayment?
I am getting ready to close on my first rental property (SFH). I am doing a conventional loan on a 30 year fixed rate with 20% down. I have the capital and funds for the down payment, but I am looking for other ways...
Andrew Farrar
First Fix and Flip With Partner
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $82,900
Cash invested: $63,000
Sale price: $235,000
This was technically my first ever experience with a a fix ...
Steve James
Help please, ideas needed for condo purchase.
Good evening all,I would appreciate any advice people could help us with, thanks in advance.Backstory...We are set to close on a condo that will serve as a second home, then housing for daughter for college, then even...
Julie Nealey
Possible to refinance a land loan?
I am having a hard time finding a bank/lender, PML that will refinance mixed use undeveloped land, although I have held it for almost 4 years and there is considerable equity. Does anyone know of anyone that does this?