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16 December 2024 | 3 replies
If you don't want the property any more a 1031 is probably your best bet, unless it's got a huge capital gains capture in which case you could just take your tax lumps and collect your funds.
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14 December 2024 | 11 replies
As of today, May 19, 2024, he is advertising a single family house for sale in Rosedale (Queens), NY for $250k, while stating that it will be a short sale once a prospective buyer makes and offer that's accepted by the seller after providing proof of funds.
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7 December 2024 | 4 replies
I am attempting to purchase a triplex and a duplex on a single 2.5 acre parcel. The purchase price is about 475k. I have the 25% to put down but I cannot find a lender. It seems that having 5 units sends all the lende...
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17 December 2024 | 27 replies
Welcome to BP Allen, if you have questions about loans and funds just message me.
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13 December 2024 | 16 replies
Overall, the setup and funding process was extremely straight-forward and the customer service was great.
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13 December 2024 | 7 replies
Then without knowing your entire financial situation I’d probably prioritize getting that paid off over putting anything in a Roth or over and above an emergency fund in a HYSA.
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11 December 2024 | 14 replies
From what I’m seeing, people are still traveling and making plans, especially for vacation rentals in desirable areas.
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11 December 2024 | 7 replies
Perhaps as a syndication or credit fund?
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13 December 2024 | 4 replies
A loan commitment letter carries more weight as it confirms lender approval, signaling a stronger ability to close.Addressing Closing Concerns: A commitment letter meaningfully reduces concerns, especially when paired with proof of equity and a track record of performance, even if on smaller deals.What Brokers Look For: Key factors are a reputable lender, clear terms in the commitment, and evidence of funds for equity and reserves.
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13 December 2024 | 4 replies
Here you would continue to find borrowers and fund loans with your own money.