All Forum Posts by: Selah Abrams

@Daniel Purcell with City of New Orleans being so restrictive, is there a neighboring City that seems to have less of an issue with STRs and is still fairly accessible to all the things visitors are interested in?

this is why I love BP! would it even be beneficial for very short term hard money if there's no prepayment penalty? Also very curious what good terms you've seen, if you'd be so kind as to share....thank you!!

Hey fellow investors! I was sent these deal terms by a reputable colleague - what should I/We ask? Any ideas on how I/We can best utilize this financing? Thank you!

Terms

• Rate: as low as 12%
• Term: up to 24 months
• No personal guarantee
• No title insurance required (perfect for tax deeds still in redemption)
• No minimum FICO score
• 4% origination fee
• Up to 80% LTV
• No minimum term length
• Georgia, Florida, and Texas
• Interest only loan
• Minimum financing amount $50K per application
• Must hold Recorded Deed for all parcels

Funding Process:

1. 1 Online application in under 5 minutes
2. 2 Preapproval from underwriting
3. 3 Sign contract with $40 app fee
4. 4 Asset review and final underwriting
5. 5 Funds wired within 1 business day of signing and closing

Perfect for:

• Flips
• 1031 exchanges
• Residential
• Commercial
• Multi-unit purchasing
• Vacant land deals
• Vacation and short-term rental
• RV and manufactured home park
• Self-storage
• Tax deeds still in redemption period

Not Accepted (DO NOT APPLY):

• Any lien properties
• 2nd Position not accepted, must be 1st
• Lack of clear ownership
• If you don’t have the deed in YOUR NAME

Hi BP Experts! I always walk past an old, dilapidated house in my LA neighborhood that hasn't been sold since 1970. I checked and the taxes are paid up every year (valuation is Super low!) and it looks like it *might* be an old widowed husband there, though nobody has ever seen him outside, and there's a bunch of permit notices stuck to his door. I LOVE the street and would fix it up and live there if he will sell (if it's not a teardown!) - What would you do in this instance to broach the topic, and how would you structure an offer...seller finance maybe? I want to be respectful of course....thank you!!

@Jo-Ann Lapin can you please PM me that referral as well? thanks!

@Account Closed can you please PM me too?