All Forum Posts by: Devin Peterson

Hi, 

As interest rate is dropping with impending federal reserve's announcement next week, I feel like this is a good time to tap into equity in my investment property in Cambridge, MA 02141 and maybe purchase another property with cash.  Any local lenders to recommend? 

https://www.americanexpress.com/en-us/business/blueprint/terms-and-conditions/business-line-of-credit/

@Devin Peterson AMEX  offers BLOC if you have revenue of over 3000  per month. That would help flip a lot ..That is why I posted

@Devin Peterson I want to establish Business credit to do flips afterwards using Business Line Of Credit

Good Morning

So let us say I bought a SFH under my name. After 6 months if I want to move it to a LLC what do i do?

I need to do Quit Claim Deed and also refinance into a DSCR or portfolio loan?

Thanks

Happy Friday! Looking for a recommendation.

I have a property that my company owns free and clear. According to Realtor.com, it's worth $120k.

I'd like to tap into that equity with a HELOC.

Has anyone here gotten a HELOC on an investment property? If so, who was the lender, and how was your experience?

TIA!

I am a first time home buyer looking to purchase a home/multi-family property. I've been interested in Real Estate for a long time now, was even a loan originator at one point. My goal is to obtain finacial independence and grow that towards generational wealth. Strategies I'm interested in are flippling, house hacking, rentals, medium term rentals, and maybe others. I have a 9-5 that I want out of but want to secure at least my first property prior to leaving it. To be clear, I will keep working but want to be self employeed in the home services business.

Looking forward to see what I can learn from this community.

Thank you.

I've seen a few posts on here about DSCR loans with a lot of good information. I was quoted by a lender today at 6.95 percent with 20 percent down. I know the rates have come down a little bit so I was just wondering if there are any lenders on here or if anyone knows a lender that does 10 or 15 percent down on DSCR with similar rates. Appreciate the help.