Max Nathan
How do I secure lending on down payment / construction costs
17 December 2024 | 7 replies
Keep in mind that any initial rehab costs are on you until you get your first draw.If you can get work done quickly, some lenders I’ve worked with can inspect the property the next day and wire funds the same or the following day.
Zach Howard
Class C: Personal loan for 200k, should I use it for multiple down payments, or...?
9 January 2025 | 44 replies
Just for an extreme scenario if the property/properties bring in 0 rent, but have no other expenses ( know this is impossible considering taxes etc, but it's just a hypothetical thought experiment of sorts) that's fine as my salary will cover the initial 200k loan repayments.
Brett Jurgens
Best way to use built up equity?
22 December 2024 | 23 replies
Quote from @Brett Jurgens: @Jay HurstThanks for responding3.75%, 30yr fixedLike others have said, with that interest rate your best bet is probably to do a home equity line of credit (HELOC) to put towards an investment that you can quickly recoup your initial investment on.
David Charles
New to BiggerPockets!
19 December 2024 | 13 replies
Happy to talk further on the area (we are large enough to offer options to focus on student rentals/UW Madison campus, and anything from Class C to A locations or suburban/surrounding communities) but to help you consider broad initial search, you could start by deciding how important cash flow is.
Mindy Jensen
Contractors: If I Buy Materials, Do You Still Need a Downpayment?
31 December 2024 | 66 replies
I like the idea of a hold back until the punchlist is complete, but that doesn't prevent an unscrupulous contractor from stealing the initial deposit...
Vaughn J Smith
Single family home (former rental) for sale in slow market
20 December 2024 | 10 replies
Initially after management fees, repairs and PMI i was losing about $250 per month.
Sanjay Bhagat
Real estate syndication Vs S&P 500 index fund
12 December 2024 | 10 replies
With margin trading of 20-25% of initial investment, when stocks market collapses with dollar cost averaging as a strategy , leverage of the initial investment in stocks, the AAR can be more.comparable to most syndication (compared to 20% down payment in real estate).I have been following BP forums for the last 4-5 months and have spent almost 4-500 hours.
Torianne Baley
How to Talk to Sellers/Homeowners #AskBP
14 December 2024 | 6 replies
I've been running into some trouble/challenges when it comes to being comfortable talking to sellers i.e. on initial/introductory/cold calls and sometimes in appointments/meetingswhat are some tips you guys may have on this.any links to relevant/powerful scripts may also be helpful as well (i.e.
Brody Veilleux
“BRRRR” a primary residence
23 December 2024 | 24 replies
Also be aware that cash out refinances typically have slightly higher rates than initial purchases or just rate and term refinances.
Ian Joyce
Investment Partnership Inquiry
10 December 2024 | 0 replies
I am proposed GP with development / management experience, however my liquidity is tied up in a separate development initiative.