Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Darius Lipsey Security deposit from seller?
3 December 2017 | 1 reply
She wants to stay where she is for undertermined of time after closing until her new living arrangement is set and has agreed to sign a lease at closing.
Corey Jacobs Title search found a Restrictive Use Covenant
4 December 2017 | 1 reply
Now, if the seller is in dire need of cash and you want this deal, you also might work out an arrangement for a non-refundable deposit that will be applied to closing as long as you get 7 more days.Good luck.  
Kevin Smith No Money Down In Practice
13 March 2018 | 2 replies
There's a lot of discussion around partnerships, private lending, and hard money, but I don't see much discussion on the actual mechanics - what these arrangements look like in practice.My hope is this post can serve as a reference for those starting out, so we may get a better understanding of how these strategies are actually implemented as well as an ability to more accurately predict the profits and returns you and your lenders and partners can expect.If those with more experience would like to revise these numbers and statements, it would be most appreciated.These scenarios assume you, the flipper, are bringing none of your own capital to the deal.Typically, this would mean 1 of 2 scenarios...Private Lending - Someone you know brings 100% of project costs (purchase, rehab, acquisition costs, holding costs) to complete the deal and in return, they get a certain percentage return which comes out of your profit.Hard Money + Partnership - You get a hard money lender to cover 80-90% of purchase+rehab and a partner to cover the remaining 10-20% as well as acquisition costs (including hard money origination and points) and holding costs (including hard money interest payments).An aside about the structuring...Private Lending - A promissory note is created, and your private lender lends to you or your business. 
Anne Amagrande City Citation on Owner Finance/RTO Property
13 March 2018 | 0 replies
I have since taken care of the dead tree for which the citation is for...BTW..The City of Phoenix who wrote the citation informed the resident it was not his responsibility to remove the tree, even though it is in his lease agreement AND it is an owner finance arrangement....Question 1: Do I need to go to court being that the violation has been fixed? 
Ellie Narie How do you refinance a loan from a family member into a mortgage?
15 March 2018 | 4 replies
Ellie - obtain the funds needed to acquire the property  from friend / relative ...pay seller the  cash ...have a private note set up between yourself and donor)   with specific  terms  for repayment ...make sure the  rate  agreed to is  a realistic  market type rate ) and also make sure that a formal lien is  filed for the loan  and also make sure you formally go into the title  .........I would suggest making a separate agreement / arrangement for the  funds  you are  borrowing for the  construction ...... 
Joe Alonso Double, or simo closing, using transactional funding - advise pls
14 March 2018 | 0 replies
Lastly, if I want to become "B" in the scenario as an investor, what are some of the techniques used to find "A" seller and "C" buyers quickly and promptly, in order to arrange the transaction?
Grant Music Father does not approve of my goals in REI
18 March 2018 | 20 replies
@Grant Music I just knew I could flip houses and I arranged my first deal (no money down) without my husband's knowledge because I knew he'd give me all the arguments against it.
Marci Stein REaltor asks for money to view house?
16 March 2018 | 10 replies
The realtor can/should identify possible homes that might fit the criteria of the buyer - assuming you're going to retain them as your buyer's agent - and then arrange for *you* to view the homes.
Greg K. Elderly mother served FC Auction notice,advice deeply appreciated
20 March 2018 | 22 replies
An attorney attempted to arrange a loan modification, and advised my mother to stop paying the mortgage payments.One thing I did understand correctly was the gentrifying trend of the neighborhood, and the house has since appreciated in value to around 890K(adjusted comps analysis).  
Christopher V. Please Help Analyzing This Deal!
20 March 2018 | 10 replies
These numbers represent what would be required to payoff the Hard Money loan and get all your cash back.Totally agree with @Nghi Le regarding getting Refinance loan arranged first.