Hi all, how can one use a line of credit to add rental properties to their portfolio? Can someone give me an example? Bank said I could use it as the down payment and then get another bank to fund the loan. I am tr...
I was under the assumption that I could refi out of my hard money anytime but I am told I have to wait 6 months to do so and get cash out. If I don't want cash out I can do it sooner, but defeats the whole purpose. ...
Hi! I'm a rookie just starting to learn bit by bit about this crazy and exciting world of real estate investing. I feel a bit overwhelmed because I don't even know where to start, but I do know that I need to start so...
I always thought it would be great if I could take out what I have saved in my 401k and pension plan through my employer and use the proceeds to pay off all my mortgage debt on my investment properties now, as I look ...
Is it possible to get delayed financing on a home I bought and renovated and rented with my own cash in order to get some money back quickly? And then get the rest by refinancing the delayed finance after a seasoning ...
Hello,
I purchased a property as a second home and now because and I had the opportunity to rent it for one year a month ago. I was talking to my insurance agent and she mentioned that the insurance is for second hom...
This is a first for me. Settled on a row house today using a cash advance on my credit card. They were running a special. Cash advance interest free for 1 year. 2% fee for the cash advance. Could not pass it up.
My question is it better to do a HELOC or equity loan to pull out cash. I don’t want to refinance because my APR is 2.25. So with this which would be better? I’m selling the home in a couple months anyways but want to...
I am a landlord in Coachella, CA and rent my house room by room. I have a tenant who paid through Venmo several days ago. The money has completely gone through to my bank without issue.However, he is asking for the mo...
Hello,I was offered 100% finance 96.5% first loan and 3.5% second loan mortgage for a multifamily the 2nd mortgage for that 3.5% MUST be paid back, but just like the first mortgage, it doesn’t have a PPP and itcould ...