Hello all, I'm Matt, I work as a Licensed Platform Employee at a large bank and have for the last 10 years. I notice a hole in the market place when it comes to home improvement lending, I have developed several Cente...
Aside from cash, HELOC, or an investor, is there a way to fund the bulk of the purchase and rehab with a different type of loan?Do smaller banks offer "rehab loans" that are not for your primary residence? 203k or som...
I own a Duplex in Los Angeles and I want to convert the back storage unit into an ADU. I'm planning to demolish the storage and build the ADU from the ground up. The ADU is going to end up being 552 sqft and a one-bed...
Hello!I own a rental property in Cleveland that's currently going through the Section 8 process. The repairs required by Section 8 after the initial inspection were pretty minimal, but I've heard that there are grants...
Have you noticed stricter lending rules for cash-out refinances this year? How has that changed what you were planning to do?
Hey all, trying to setup business structure for 2019 to improve lend-ability/DTI in future years. This post is about improving lend-ability, not tax savings (which seems to be the topic on most LLC vs S corp threads I...
Is it possible to get a 10% down loan from a portfolio lender non owner occupied with great credit?
Hello everyone,
I reached out to 4-5 lenders regarding DSCR loans and found it difficult to make a deal work, even in areas meeting 1% rule.
Here’s a recent scenario:
Purchase price: 244k duplex, good condition
...
I'm not looking to get into private lending. A big reason is because I don't have that kind of money. I'm just wondering why people get into private lending. It seems like BRRR is where you make good money and get a l...
Hi BP Canada,I've run into this scenario a couple of times recently and I keep getting vague and inconsistent answers from le banc. Any insight or clarity would be greatly appreciated.Buy a property off market at a se...