Karen F.
Making our first hard money loan to a trusted workman - HOW?
We have a great workman who has been with us ever since we started, a decade ago. Smart, self-motivated, trustworthy. He wants to buy his first property. We are willing to give him a hard money loan to do so. We a...
Parker Cermak
Helping Client on 1st Rental Property
Hello all! Thought I'd share one of my recent closings with a friend of mine that has been studying the BiggerPockets podcast and reading BP books for last few months. He was a UPS Driver like myself, and had quite a ...
Filip Filmar
How to work out the effect of LLPA on a mortgage rate?
Hi, folks. I'm doing some self-education about loans and lending, and am a bit confused about the effect of loan-level price adjustment (LLPA) on a mortgage rate.I understand what LLPA is, and there are plenty of pla...
Dusty Bornefeld
Hard Money Lenders?
Hello everyone! A little background on my situation before I get to the important stuff. I just started an LLC for flipping houses a few months ago and have retained 60k in business/ personal credit cards (0% interest...
Frank Montero
Looking to obtain HELOC's on out of state rentals
I reside in NY where I have my primary home and have (3) rentals in SC. I recently applied for a HELOC's on my primary residence in NY and(2) of my out of state rentals via TD Bank and was denied on all (3) due to deb...
Jerry Rubinow
Loan for new LLC - use LLC name or my name?
We are turning our house into a rental property and have put it into an LLC in preparation for that. We need to replace the boiler/hot water tank, and the cost of doing that qualifies for a 0% Massachusetts improveme...
Gregory Jacobs
How to finance a renovation
Hi all,Long-time podcast listener, first-time blogger! I recently purchased a fixer-upper (co-op) apartment in New York City. It's about 600 sqft (large for NYC!) and the apartment cost $500k. I put 20% on a 30-y...
Andrew Solano
Newbie question: Save cash or borrow from 401k and start looking?
Greetings my Fellow BP'ers!My name is Andrew Solano from Houston, TX. I'm a newbie and have been listening to BP for a few months now. I purchased my first home in 2013 but lost it due to a divorce. My ex-wife transfe...
Big Fischer
USDA Rural loan eligibility on Multi Family
Maybe it's just me, but I find the USDA website to be extremely complicated and full of contradictions. So if someone could help me out with this, I would be very grateful.
1) Does the USDA rural 0% down mortgage all...
Michael Keffer
Question for Loan Officers
If I’m buying a STR property now, what do I have to keep in mind if I also plan on buying a primary residence next year? I’m assuming you look at a rental track record for the investment property, but that’s not stead...