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12 August 2024 | 14 replies
Hi all.Does anyone have a good referral for affordable title searches?
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17 August 2024 | 13 replies
this is a toughie. hard money specifically is equity-driven, meaning they'll likely want 40%+ down to even entertain the deal. additionally, land without improvements is often very inexpensive (relative to land with improvements), usually pushing below a threshold which makes sense for a hard money lender. if you're not intending to build right away, then i think you'll have the best luck with private money instead of hard money. usually higher leverages than hard money, and more negotiable terms.if you are intending to build on it pretty right away, a ground-up construction loan could work, but those will typically require some ground-up construction experience (on title on other ground-up deals), or an extensive portfolio of heavy rehabs/ rentals/ strong liquidity. those will give you acquisition monies (to buy the land) and build monies (to build the improvements).
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21 August 2024 | 94 replies
Not sure I agree with that title, especially after all the 'gurus' seem to get bashed on BP just because they provide a service/education to people for money.
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15 August 2024 | 7 replies
Any title company will help you with double close.
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16 August 2024 | 9 replies
I created the LLC and have transferred the title to the LLC.
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16 August 2024 | 20 replies
ROP property is not titled.
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15 August 2024 | 23 replies
Closed at a title company I Have the deed I own the house I am looking to pay off the existing mortgage that is not mine.
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18 August 2024 | 29 replies
We found out about the fake mortgage when reviewing title work in preparation of closing with an end buyer.
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16 August 2024 | 0 replies
I have two questions with this:1. if I choose to take title under my personal name, does that mean I need to use all of my personal funds to submit EMD, rehab, etc. to avoid commingling funds with my flipping business?
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16 August 2024 | 4 replies
In addition to the main question in the title of this post, my other question is this: What other information (besides the obvious ARV) do I need before I start looking for someone that would JV a deal with me?