What types of financing are working best for you right now when a deal is a little tight on cash flow? Are you finding better results with DSCR loans, adjustable-rate loans, seller financing, interest-only options, or something else? With rates and expenses where they are, I'm interested in heari...
I see alot of people who purchased around early 2020's who want to access cash from their investments but cant refinance without messing up their cashflow. Is anyone here running into similar issue?
Subject-to gets pitched as simple — take over payments on the existing loan — but the deals that go sideways almost always trace back to skipping the same step: actually verifying the loan. That means confirming the real payoff balance, the payment history (is it even current?), the interest rate...
Hello Everyone, I recently heard about a loan product called an HEI - Home Equity Investment. I spoke with a senior client who has significant equity in her home, however is in need of some cash to sustain her financially. I have done some preliminary research on companies such as Point and Split...
Hi, I am trying to finance my first multifamily. I have 15 cash flowing properties with $900k of equity, since they have low current rates I'd like a heloc or other ideas to find $150k for the multi family down payment. any advice or ideas please? Thanks, Jemma
I have never pulled comps on a deal I funded. I do not ask for your ARV, your rehab budget, or your rent estimate. That surprises people, because every other lender they have talked to starts there. Do you know what a transactional funder is actually underwriting? If you assumed it was the proper...
Hi everyone, I am wondering whats the difference in the THDA loan? Pros and Cons, i am hearing that a first time buyer in Tennessee can receive 15k towards a property is this true and are there any repercussions? Thanks in advance.
What has been your experience selling with seller financing? Are you basically a glorified landlord or has your experience been better? What were the terms of your your loan? Did you sell the loan to a note buyer? What loan terms are note buyers looking for? I know a lot of questions but your exp...
I own a property in Leander, TX 78641, currently worth approximately $365K. The current lease runs through August 31, 2027, with base rent of $2,200/month plus a $25 animal fee. The loan is current. I’m flexible on what I receive from the property depending on the overall structure. My main prior...
One of the advantages of knowing financing is that I can often take a deal that doesn’t work and find another way to structure it. That’s also one of the dangers. The original financing doesn’t work. Fine. Change the leverage. Bring in more equity. Extend the term. Find different money. Change th...
Investor newbie here, but not new to crowdsourcing or running my own business. I'm looking for creative ways to leverage my skills in social media, crowdfunding, and narrative storytelling to build up an audience for my flip before I ever start renovation. I don't even have a property right now, ...
Lenders seem to be tightening DSCR requirements lately. Anyone seeing real differences in refinance terms between a 1.0x and a 1.25x+ deal in this rate environment?
I keep seeing a particular problem with otherwise viable real estate deals, and I'm interested in how other investors are solving it. The property has substantial equity, sometimes hundreds of thousands of dollars, but the owner can't access it. The bank says no. DSCR doesn't work. A hard-money l...
Hi, my name is Rose. I’m working on a BRRRR deal and want to sanity-check the financing structure before I move forward. I found a property with a purchase price of $50,000, with the seller offering owner financing: $6,000 down, 12% interest, 2 points, 10-year amortization. The property needs reh...
Hello everyone, I have been doing some research into creative financing and specifically partnerships. I think they are one of a few options that really make sense for me and my goals. If you have had experience either on the capital side or management side of one of these deals and are willing t...
I’m looking for advice from experienced investors, lenders, and anyone who has handled a similar situation in Florida. What would you do if you were in my position? My father is currently on the deed to my primary residence in Pinellas County. I’ve lived here for more than 10 years and make the p...
Do you typically arrange financing: A) Before searching for properties? B) Once you find a potential deal? C) After getting under contract? D) Somewhere in between? I'm curious how investors balance having financing ready with not wanting to over-prepare for a deal that may never happen.
Hey BP, Looking for input from anyone who's actually structured this, not just theorized about it. The situation: I have a Denver condo/loft with an existing conventional mortgage (UWM, originated 2020, 2.875% rate, ~$420k original balance). I'm considering seller financing this property to a buy...
What have peoples experiences been with creative financing? What has worked well? What has not worked well? What advice do you have to someone considering creative financing?
One thing I’ve noticed working in business funding is that revenue alone doesn’t always make a business bankable. A business owner can have solid income and still run into issues because of: • Personal credit profile • High personal credit utilization • How the LLC is structured • Business age • ...
Hey BiggerPockets Community! I've been actively wholesaling and analyzing off-market deals in the Greater Cleveland area, and I'm currently working on executing a Creative Finance (Seller Financing) deal on a single-family property in Cleveland, OH (44110). Quick intro about myself: I operate as ...
Opportunity Zone Investment and Funding Opportunities
Hey All, I am dead set on making real estate investing my future. My goal is to have my first property within 90 days. However, I am really having trouble understanding the acquisition and complexities around financing my project(s). Is it as hard as I am making it out to be in my head? I have he...
Hi y’all, I’m a Houston resident currently flipping a property out in Oklahoma. I’m looking to use credit card stacking to cover my rehab costs and avoid paying interest. There are plenty of business credit cards with a 0% introductory APR for the first year, but that rate typically only applies ...
Curious how many local investors here are actively looking for creative-finance opportunities, especially buy-and-hold investors. Would love to connect with more people investing in the Melbourne/Brevard area.