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5 February 2025 | 15 replies
I don't have a lot of capital to buy a property right now in the area that I would like.People that get into businesses like these have a common thread, they are go getters and hustlers!
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14 February 2025 | 7 replies
So, is it possible to get an outright loan for say 100,000 and use that to buy, flip and sell a house for a profit?
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14 February 2025 | 9 replies
It goes to your preference, of course, but whichever can produce the greatest ROI should be considered.There are many markets in Michigan, for example, where it is cheaper to buy an existing house and fix it up than it is to build new.That may not be the case where you are at or through the construction suppliers and contractors you may have access to.To Your Success!
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2 February 2025 | 10 replies
For lending, your rates are going to be higher than if you were to buy under personal name.
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4 February 2025 | 1 reply
Investment Info:Single-family residence buy & hold investment.
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3 February 2025 | 0 replies
Investment Info:Mobile home buy & hold investment.
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6 February 2025 | 5 replies
Be first position until he gets the construction loan, at that time he then will have the construction loan buy out his PML out an pay any accrual interest and origination fees.
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11 February 2025 | 4 replies
And although I'm grateful to have found another lender to get it done, it cost me more money in points, a higher interest rate because of the current rate was higher than previous, and I had to buy another appraisal for $750.The response I received from one of the founders of the company states: "We are not able to refund any amounts at this time as the time of quality control has passed....
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2 February 2025 | 7 replies
A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.
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2 February 2025 | 0 replies
Investment Info:Condo buy & hold investment.First primary residence (2 bed/ 2 bath condo) located into a desirable part of Southern California.