0
As a real estate investor, putting together a variety of financing tools at your disposal is a key component for executing your deals. Some methods include, but are not limited to, conventional mortgages, portfolio lenders, owner financing, hard money, private money, home equity loans, commercial loans, etc.One popular type of real estate financing method is using a real estate line of credit. Whether you invest in single family homes, commercial real estate, apartments, etc., this access to free spendable cash can be extremely useful.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
What is a healthy mix of types of credit use on your credit report?
revolving installment and real estate credit
What impact does the National credit act have on a real estate transaction?
defenition of the national credit act
Is it possible to get a real estate loan if you have bad credit?
Yes it is possible to get a real estate loan if you have bad credit. You might run into a few troubles and might get a few rejections but someone will eventually give you a loan.
Is it possible to get a real estate loan if you have poor credit?
It is possible to get a real estate loan with poor credit, but much harder than it used to be before 2008. You will have a much higher interest rate, and may need a cosigner.
Can credit card companies force heirs to sell real estate after a death?
If the credit card company has filed a claim against the estate the debt must be paid before any assets can be distributed to the heirs. In any estate the debts must be paid first. The heirs get any assets that are left after the payment of debts. If the estate doesn't pay the bill the creditor can force the sale of the real estate to collect the debt. If the property is the only asset and the heirs want to keep it then the heirs must pay the credit card bill.
What is a healthy mix of types of credit use on your credit report?
revolving installment and real estate credit
What impact does the National credit act have on a real estate transaction?
defenition of the national credit act
Does Texas honor Nevada Real Estate License?
It depends on the requirement of the Texas Real Estate Commission if they will credit all your credential for real estate in Nevada, if you are planning to transfer your credentials on the said state.
Does a real estate lien from an HOA affect your personal credit?
The lien can be reported to a credit reporting agency.
How long is real estate course in Texas?
The fastest way to finish your real estate course is through online real estate schools. Texas Real Estate Commission (TREC) requires 210 hours of real estate education for you to be a licensed real estate agent. If you have college credit then all you need is 150 hours of real estate education. I have attached some useful reference that you can check out if you want to pursue a career in real estate.
Is it possible to get a real estate loan if you have bad credit?
Yes it is possible to get a real estate loan if you have bad credit. You might run into a few troubles and might get a few rejections but someone will eventually give you a loan.
Can a real estate company pull your credit?
Yes, it can but it has to have your signed consent to do so.
Is it possible to get a real estate loan if you have poor credit?
It is possible to get a real estate loan with poor credit, but much harder than it used to be before 2008. You will have a much higher interest rate, and may need a cosigner.
What are the accounting entries in a real estate firm?
There are many accounting entries that can be used in a real estate firm's books. For example, accountants will need to debit cash for an incoming payment, or credit accounts payable for money spent on credit.
What are some top rated real estate loaners?
Whitney National Bank, JPMorgan Chase Bank, and Campus Federal Credit union are some of the top rated real estate loaners. To get a loan from such a company though you must expect to have excellent credit.
What is the average interest rate on real estate now?
Depending on your credit, you are looking at anywhere between 3.3% and 4.5% (investment properties). This is if you go the traditional funding route. For more information about real estate transactions and getting connected with an experienced real estate agent,
Who is liable to pay my monthers line of credit if there is not enough money in her estate.?
If there is an unsecured line of credit and there are no assets then the creditor is out of luck. If the line of credit is secured by a mortgage on mother's real estate the lender can foreclose and sell the property. You must probate the estate if there is real estate. In that case, if the debts are greater than the assets then you should seek the advice of an attorney before paying any debts. There is a statutory priority of payment that must be followed by the administrator.
