All Forum Posts by: Wendy Gomez

Hi all has anyone had any experience with a company called gocapwest.com or vistolending.com.

I have been trying to refinance three properties that I own free and clear but I have had no success because I have tried with two small banks and they deny me due to a judgment on my credit. the judgment was settled but its still on my credit for 5 years now. Anyone with any information on these two sites or any other lender please send the info my way. Much appreciated.

thank you

@Zack Karp, @Justin Fox I'm learning so much from this conversation I truly appreciate all of the detailed explanation you are both providing. I've been stuck owning three properties for the past three years but I don't have any more cash and I don't know what to do until recently I learned about the Refinancing. @Zack Karp I will PM you for that info that would be extremely helpful. @Justin Fox thank you I know that 100k seems like a lot of money but in my market I can probably purchase three properties with 20% down payments. I will talk to my realtor about finding those and the cashing out on the refi so I don't have to start paying interest until I pull that out. thank you Justin this is going to be extrememly helpful.

@Dexter Derr curious as to whether you already unloaded this property im definetly interested.

@Zack Karp wow I cant believe this is actually possible. I guess I just have to get out of my own head and put aside the limiting beliefs. I'm just afraid of too much debt but who cares when its good debt. So in other words if I refi my properties and I can borrow 100k I can apply for mortgages and purchase a few properties as long as my income and investments can afford the loans?

@Zack Karp, @Steve Borodin this was such great feedback thank you for sharing. I do have one question after the refinance how long does it take to apply for a mortgage, get approved and use the refi money as down payment. Does a bank question that whole process or is something commonly done?

good morning quick question where can I find these hard money lenders????

@Shawn Scheinoha

@JD Martin

thank you in advance for an y feedback provided.

welcome to BP you'll learn so much. You will also have the opportunity to interact with so many different investors, realtors, mortgage brokers and much more.

@Derek Sease, that's a great idea. Thank you for your input.  Also congrats on your home purchase. 

Should someone starting out purchase a home to live in or an investment property first??? what's your advice on this???? any examples would be very beneficial.