Ben F.
Purchase Experience with Auction.com
Hello Fellow BP Members,Anyone care to elaborate on their purchase experience through auction.com? My questions are regarding a successful bid and the turn time before full ownership, for foreclosure and bank owned. I...
Felicia Richardson
Just Closed on a Duplex w/NACA
Hello! I closed two weeks ago, on a Duplex in East Point, GA near Greater Atlanta for $319k. My Property is Zoned, to add a Tiny Home, as well. I used NACA and it took me 7 Months, to get through the Program. I saved ...
Paolo Ruggieri
debt to income issue for my buyer
All - I am trying to sell my house to my tenant. It would be a huge WIN-WIN. I need to get him qualified for financing. I went through 3 mortgage officers and brokers I worked with in the past... they all told me the ...
Brittany Daubner
Due Diligence General Checklist?
Hi all,
I'm hoping to go under contract on my first STR investment property very soon and I was wondering if anyone has any type of check list to "complete" during the due diligence period? Or if someone has any past...
Dave C.
Dodd/Frank Compliant Seller Financing - What works???
I know there's a lot of threads on Dodd/Frank and Lonnie Deals, However I'd like to hear from anyone who currently does seller financing and what method they're deploying to be compliant. Ideally, I'd like hear from s...
Jeanette P.
Hard Money Lender Opportunity...
My question, is this really an opportunity for investors with little or no money to start, also what's in the fine print that I need to consider' any help is greatly appreciated" 100% JV Rehab Financing! No lender Poi...
David D.
Hard Money Loan Amount Formula
As a hard money lender wannabe I'm trying to figure out what formula to use in determining loan amount.
I'm thinking: the lessor of 65% ARV or 80% of purchase price. Is this too restrictive? Should it be 65% ARV on...
Kyle Hood
REVERSE 1031 exchange w an escrow agreement - intermediary?
Need help BP peeps! Have a customer that has done a REVERSE 1031 exchange. They identified and purchased a property during last quarter of 2020. They have now went under contract with one of their rentals to compl...
Cody Steck
Marketing a property under a lease option
I am the buyer/tenant on a lease with option to purchase.I am ready to exercise the option, however, I plan to sell the home right away and cash out.Since I have not obtained title to the property yet, can I market th...
Changrak Choi
Lender increasing origination charge one week prior to closing
Hi, I'm writing to seek advice on the issue I have with my lender prior to closing.I'm purchasing a duplex investment property in LA county, with closing on 1/24 (one week from now).I've locked the rate with the lende...