Using Personal Loans and Hard Money
Hello everyone, I’m looking forward to securing my first property this year and as a thought experiment I’ve been thinking of creative ways to finance properties, and I wanted a second opinion. What do you think of... View more
Cash out refi 3 unit
I'm in Massachusetts, looking for best LTV percentage lender for cash out refi. Ready go!
HELOC As Down Payment For Rentals
Hi Everyone!I just refinanced my duplex (owner opp) from an FHA to conventional to take advantage of lower interest rates and get rid of PMI. My goal is to acquire 1-2 residential multi family this year. Im... View more
Any experience w/ Owens Management for funding?
Hey, guys. They reached out to me on Linkedin. Guy seems nice. Was wondering if anyone has worked with them before and has any feedback positive or negative to share about their... View more
Best advice on getting larger loan amounts i.e. $1.5 mil
Hi there! Huge BP fan here 👋🏻So I’ve creatively financed a few smaller projects and have gotten pretty good at it. But now I’m looking at acquiring my dream investment, a vacation rental compound in the most perfect... View more
Looking to purchase a rental property with $35k
Hello I have a friend who has saved up￼ $35K and well on her way to 40. She is 25 and has a job with a yearly salary of about $67,000.￼ she lives with her folks so she’s not paying rent, her student loan is about $70k... View more
Raising Capital for Deals
Has anyone had a lot of success with private funding to increase the rate of portfolio growth? If so, how did you do it? What were you steps/pitch? Where did you find lenders?
Asset based mortgage (7.5% interest rate)
Got pre-approved for an asset based mortgage with a 7.5% interest rate. I’m currently unemployed due to Covid but have inherited a large savings account from a passing family member. I’m sick of throwing my money away... View more
Owner Financing Script, sort of.
Good afternoon BiggerPockets, Long time lurker, occasional commenter but first time poster. I have been interested in REI for quite some time. As as small business owner, I feel that this is my best avenue to... View more
Two-Part Question: Delayed Financing & Cash Out Refi
Q1: In September 2020 I purchased what I will call a duplex, but really it is a SFR and a detached barber shop that was converted to a studio apartment, on the same lot. The SFR rents for $700 and the studio rents for... View more
Seller Finance Question
Hello All, I have a seller finance question someone might be able to answer. I am a seller financing a property and will be getting a private loan (from the sellers) to finance the rehab. Is there a way to refinance... View more
Bridge Loan --> FHA Loan
I'm underwriting a Creative House-HackAn A-Class new build 4-Plex needs about 25k / unit and a certificate of occupancy to achieve Rent Ready condition. The developer ran out of capital to finish the build and... View more
Thanks for welcoming me to BP
Good afternoon Biggerpockers. Long time lurker but Im ready to enter the game, again. Quick background on who I am and what I have done so far. I go by Stos and was born and raised in Upstate NY, went to college in... View more
Fund and Grow Question
Is Fund and Grow a good company? I understand they have 12 month subscription services, does anyone have experience with them in regards to buy and hold real estate? Does those credit lines need to be paid off by the... View more
HELOC on Investment Property
Anyone aware of lenders who are doing HELOC on Investment properties? I'm located in Charlotte, NC and finding that local lenders will only execute on primary residence. I have a 30-year-fixed at 4.13% and ~$50 equity.... View more
Short term to Conventional financing
I am looking to refinance out of some short term loans into something more permanent. My question: how can I research multiple lender options without bang up my credit score?
I need a non-QM loan for a manufactured home
Does anyone know of a product that will do a non-QM loan on a manufactured home? I have one tenant occupied that has great returns and need to get it off my hard $ line of credit. Thanks!
Seeking potential possibility with a great deal I made
I have been buying and selling items at from storage, auctions, estate sales as well as a few vehicle flips for the past year. I have been very successful. A couple examples: I purchased at keyboard for $100 valued at... View more
Subject 2 on a probate property
I am an investor in Lafayette, La. I found this property not too long ago for my Grandfather who wants to move closer to family. It checks all of the boxes for him and he wants it. The property was bought for $155,000... View more
Best place to learn creative financing techniques?
Hello all, I am primarily a real estate wholesaler who have done a few deals so far. Although my goals were to initially fund deals for fellow investors in the Oregon and Florida markets, I am now finding that it would... View more
IRA Cross Pollination?
So one of the things we can't do with an IRA is self manage your property. But you can invest in someone else's property.So what are the rules if two friends who both have $ locked up in their IRA's would fund each... View more
Commercial Loan with Cash-Out on Mixed-used Property
looking to do a cash-out refinance on a mixed-use property. Property is worth around $1.25 million and debt is around $250k. Is it reasonable to pull out $500k in today's market taking into consideration Covid-19?... View more
Taking equity out of a multi-family?
I own a triplex in a developing neighborhood that has been my second home and office on and off for years. It is a nice old Victorian that was converted to a triplex years ago. Legal apartments, but shared utilities so... View more
No Seasoning Period Cash Out Refi Lenders in OH
Does anybody have suggestions on potential Cash-Out Refi products that have no seasoning period? Specifically in Ohio? I've called many lenders at this point, but unfortunately no luck. Your help would be more than... View more
LLC mortgage or individual
I'm am trying to find best way to have rental properties . Forming an LLC and using a commercial bank to find them seems to be the most logical and best way. Am I wrong?