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10 February 2025 | 17 replies
Of course, you need to choose your areas and decor wisely, so I recommend working with someone experienced who knows what the clients there are looking for.
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20 February 2025 | 2 replies
Look up the loan officer and not the company (do they have any online reviews or social media presence; if possible look up their production numbers to see if they are any good)4.
8 February 2025 | 10 replies
Quote from @Solane Mesfin: I also tried to cancel free membership and unable to do that online.
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23 February 2025 | 11 replies
.$847 in the bank699 Credit Score133% revolving utilization/over the limit maxed out personal credit cardsQuite a bit of other high interest debt/loans borrowed during the first year in business$3,580,000 Appraised Portfolio Valuation$2,139,400 DSCR Mortgage Debt in my LLCs$1,440,600 Equity (Appraised Value-Mortgage debt)8 Remodeled SFRs1 Converted Remodeled Duplex2 SFR Remodels currently in process2 Apartment Buildings - 13/14 units occupiedA little more experience to say the least234 Audible books in my libraryAs I'm sure any experienced investor can gather, having the sizable amount of personal debt as I do, supplier house account payments due, PMLs that need to be paid, etc, not having liquidity/any money in the bank is an ISSUE.
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12 February 2025 | 2 replies
I have always wrote my own contracts using online templates and I have been asked to write an owner financing contract for someone else.
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19 February 2025 | 7 replies
Neighborhoods in areas like Homewood and Hoover have been experiencing strong appreciation, and the rental market continues to be strong, especially with the growing number of young professionals and college students in the area.As a loan officer, I’m here to help you navigate the financing process, whether you’re looking for your first investment property or expanding your portfolio.
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22 February 2025 | 9 replies
Right now, I’m focused on finding my first multifamily property to house hack in the New London, CT or Greater Boston area.Goals with BiggerPocketsI joined to connect with experienced investors, learn more about financing and property management, and take action on my first deal this year.
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19 February 2025 | 42 replies
I came across one of these loan agreements online somewhere a few months ago, can't recall where I found it but it was clear in reading the loan agreement there was no language referencing the loan actually encumbering real property, it was just an unsecured loan.
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20 February 2025 | 4 replies
Connect with lenders experienced in short sales to understand their specific policies and requirements!
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16 February 2025 | 18 replies
Early last year, one of our borrowers, an extremely experienced rehabber who had recently been diagnosed with diabetes, informed us that he’d been in and out of the hospital so frequently that he wouldn’t be able to complete the flip we had loaned on as first position lenders.We were aware that he had borrowed an additional $110k from a second-position lender.