Michael Kopay
Looking for $1MM Line of Credit
I've heard "through the grapevine" that there is a bank that offers an Investor (with a business) a Line of Credit for $1MM at a rate of 5-6% with no points. Does anyone know of something like this for an investor wi...
Dexter Wallace
Financing 1st Property
Hey BP World, So I'm researching to buy my first investment property. I have enough for a down payment, but I rather finance my properties. My question is, as a beginning investor, is at beneficial to go with a conven...
Ken Revennaugh
Best Lender for Mobile Home Investment
Hi I am looking at a single mobile home built in 2000 on 10 acres. I was wondering who is a good source for a terms (rate/fixed for 15/20/30 year loan). Any help on a good source/contact would be greatly appreciated...
Rashad Jones Jennings
Banks that lend on Real Estate
I am in the process of switching to a smaller community bank or credit union. Anyone have suggestions on small community banks that lend on real estate (not only residential loans but also commercial and investment lo...
Ian McKay
30yr REFI fixed, Cash in an account or reduce debt?
HiLooking to do a refi on a "primary" residence possibly pull out equity to pay off debt and lower the interst rate from 5% to hopefully below 4% via credit union.Is it better to have say 10K in an account or use the ...
John Kim
Cash out of a FHA multifamily loan?
My wife purchased my first rental in 2016 with an FHA owner occupied loan at 5% down. The property is a 3 unit building. It was a short sale and I renovated my owners unit. Purchase Price: $625,000Current Loan Value...
Aaron Barrett
Beginner to Hard money lending
I have come across a very great deal but the asking price is $35k, too low for a standard mortgage. How much would it cost me in central Wi to get by until I can refinance the property and pay off the hard money lende...
Daniel Murphy
Best heloc for purchase
Hey all, We're looking to setup an 80-90% ltv heloc (80% is enough for our needs). We'd like it setup as quickly as possible, although we're not in a major rush. We would likely end up closing it within a year if we...
Brandon Jenkins
What are current hard money terms?
I am curious to know what hard many terms are in place in markets nationwide.Please include: Credit scores, LTV, rates, comps, demos, etc., if possible.Thank you,Brandon J.MODERATOR - No mentions of specific lenders o...
Vanessa Thiele
Community Bank in Michigan
I am looking for a community bank in Michigan that you have had a great experience working with. I am looking for a bank that services their own loans and is used to working with investors. I'm not concerned with th...