All Forum Posts by: Jay Hurst

Hello! My name is Nate, and I’m on my 3rd deal as of now. However, we (wife and two kids) own this 3rd deal and want to keep it as our permanent home. We have lived in our other two deals, made money on both, but I have no idea how to do another deal safely without living in it. We have 40k in cash and 100k equity in our current residence, but we don’t want a larger house payment than what we have already. How do we stay in the real estate game while minimizing our risks?

Hello fellow BP'ers! 

When refinancing, do you normally have a tenant in place before the appraisal, or refinance while the property is still vacant? I understand this may have an affect on the appraisal. In your experience, does one approach lead to better appraisals, loan terms, or overall outcomes? Would love to hear your insights!

I'm in a position I've never been in before.  Just closed on a couple of properties a week or so ago.  They were rehab properties so I purchased under a construction loan.  Took my reserves for down payments to a level that won't allow for another purchase at this time.

Given this, as luck would have it, an amazing opportunity that only comes once in a great while came to me.  I've never used hard money for anything before so I'm not sure that's an avenue for me.

Im hoping someone can maybe explain the ins and outs of this type of financing.  Risks/rewards, benefits/pitfalls of hard money to me...what are they?  I understand the overall concept of it but since this has never been an avenue I have used it's unfamiliar and foreign to me.

Hello, please bear with me as I'm a relatively new investor. I have a quadplex it has a basement we roughed in to add a unit one day....well, we're thinking it's "one day".  My question is, since we may not need to borrow anything to finance this,
 will the mortgage payment be affected?  I have no idea how that works.....

thanks so much

Hello all,

I am getting ready to start looking at lender for my second conventional mortgage to buy my second property. I plan to buy a new property in May by putting 5% down and renting out my current home. Any tips or advice before I dive into this process? Places to go for lending? Difficulty in getting a second loan?

My credit score is currently 807 if that changes anything.

Hey everyone,

I'm going through a divorce and trying to figure out the best way to keep my Airbnb property. My wife and I own it together, but i may be able to buy her out and keep it as a short-term rental without spending all my personal capital.

I’m looking for advice on financing options, buyout strategies, and any creative solutions others have used in similar situations. Has anyone gone through this before? What worked for you?

Appreciate any insights!

Thanks!

Hey everyone,

I'm Alex, a 43-year-old investor with a credit score of 767. I have around $100K in liquid capital and access to a $50K HELOC at 6% for the next 10 months before it transitions to a variable rate.

I have a unique situation where I earn a living through sports betting, which limits my ability to show traditional income growth. Because of this, I’m looking for investment opportunities that maximize my current capital and financing options.

I'm considering investing in Birmingham, AL, where I’ve found several SFHs in the $30K–$40K range that I believe I could rehab for about $25K and rent for around $900/month. I currently live in Wilmington, NC, so Birmingham would be about an 8-hour drive for me. While I’d love to invest locally, most properties here are beyond my price range.

Right now, I’m compiling a list of potential properties, underwriting deals, and reaching out to Realtors. I’m planning a trip to Birmingham in the next week or so to meet with agents, build my network, and hopefully find my first deal.

If anyone has experience investing in Birmingham or has recommendations for agents, contractors, or lenders, I’d love to connect! Looking forward to learning from the community.

Thanks!
Alex

Hi 

I am looking to buy first rental property and looking to speak with lenders. What are the questions that I should be asking lenders ? Any tips to get a better rate or deal from lender ? 

Thanks 

Hi everyone,

I am looking for a private lender to fund a $50,000 short-term loan secured by my primary residence, which has $425K in equity. This is a low-risk, high-return opportunity with monthly interest payments and full repayment at the end of 6 months.

Loan Details:

✔ Loan Amount: $50,000
✔ Interest Rate: 10% annually
✔ Loan Term: 6 months (can be paid off sooner)
✔ Security: Backed by my home’s equity ($425,410 net equity after mortgage)
✔ Monthly Interest Payments: $416.67 per month
✔ Total Interest Paid (6 Months): $2,500
✔ Total Loan Repayment (Principal + Interest): $52,500
✔ Exit Plan: Loan will be repaid in full once my home is sold (listing begins immediately after funding).

Why This is a Secure, Low-Risk Investment:

✅ Prime Location in Plantation, FL – The property is located 7 blocks from Plantation Walk, a rapidly developing area with major real estate and commercial projects driving property appreciation. (See projects here)
✅ Secured by Home Equity – My property’s market value is $650K, and I have $425K in net equity.
✅ Guaranteed Monthly Interest Payments – You receive consistent passive income for 6 months.
✅ Clear Exit Strategy – Once the house is sold, the loan is paid in full, and you receive your full investment + interest.

How the Loan Will Be Used & Why I Need It:

✔ This loan will allow me to cover moving costs, financial restructuring, and ensure a smooth transition while preparing for the home sale.
✔ I have a real estate agent and legal representation already handling the sale.
✔ This is a structured investment deal with full transparency and legal documentation.

Bonus Offer for Investors:

💰 If I pay off the loan earlier than 6 months, you STILL receive the full $2,500 interest. This guarantees your full return faster.

Next Steps:

If you’re a private lender looking for a secured, short-term opportunity with a strong return, let’s discuss how we can structure this deal.

✅ DM me or comment below and let’s set up a quick call.

Looking forward to working with the right investor!

Best Regards,

Rosmery Then City of Plantation Development Activity Map

Hi All,

I purchased an investment property in the middle of last year and to this point have been using 0.75*lease value in my DTI calculation. I have just received a draft of my tax return with the schedule E. I'm wondering how rental income is now calculated. I have heard the value from the schedule E is used (rather than 75% of lease). Can someone explain how the calculation works?

Thank you.