Jacqueline Wright
Ready to Dive into My First REI Purchase—Auction Property with Hard Money or DSCR?
23 January 2025 | 3 replies
The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?
Tonya English
Launch Your Leads Scam
27 January 2025 | 65 replies
. :-)I guess if that $35k was a once and done it wouldn’t be too bad to send them $3,500/mo while they send you a check for $16,666/mo.
Grace Purugganan
Help! Out of State Investing in Ohio
20 January 2025 | 9 replies
Does anyone know of a dscr lender that will allow for seasoned money for a down payment and a really good property manager in Ohio specifically in Columbus, Cin, and Cleveland?
Alex Fenske
I bought a neighborhood strip center and brought no money to the closing
20 January 2025 | 3 replies
I took no money from the cash flow (when there was any) and I never made a late payment to the bank.This fall, nearly 12 years after the bank gave me that house, and over 15 years after I knocked on that door - after evictions, vacancies, insurance claims, and never taking a dime out of it - I sold that house and placed all of the proceeds in a 1031 exchange.
Sri S.
Which short term mgmt software is better for sending automated messages, pricing
29 December 2024 | 9 replies
Vrbo and Airbnb send automated messages.
Abby Chapman
Ready to Invest in DFW Market
23 January 2025 | 7 replies
I have a great recommendation hard money flip lender I could recommend that we personally use for all of our deals and that I have shared with some of my clients.
Briar Blake
Property Managers Violated Contract
25 January 2025 | 13 replies
Spending the owner's money, not saying anything, and letting them discover it while reviewing the monthly statement is unprofessional.
Christopher Alley
private money
3 January 2025 | 8 replies
I suggest you enter private money goldmine in search botton at top right of the screen and read the previous posts....here is one that gives good perspective as well as a link to legitimate private lenders.http://www.biggerpockets.com/forums/92/topics/1488...
Patrick Wood
Investing seed money: what financial instrument to use as a bucket
14 January 2025 | 2 replies
Liquidity is important if this is money you plan to put to work in the near term.
Rachel Weiss
how to become a hard money lender broker
7 January 2025 | 8 replies
How do you become a broker for hard money lending?