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4 September 2024 | 5 replies
There are several helpful lenders here that may be able to answer but BiggerPockets also has a lender finder that could help. https://www.biggerpockets.com/business/finder/lenders
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4 September 2024 | 1 reply
This is believed to help put liquidity into the home buying process by taking these loans off the books of banks and mtg companies.Now Freddie has started to purchase 2nd mortgages.
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4 September 2024 | 3 replies
This really helps me to learn the ropes.
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4 September 2024 | 7 replies
I ask because it seems like you have two clear choices - Either finish the rehab and sell potentially at a loss, or hold the property while renting it out so you can hopefully benefit from gradual appreciation and using the rent to help make any principle paydowns on any loans you may have.
5 September 2024 | 9 replies
BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.
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4 September 2024 | 10 replies
Comparing a few options can really help.Let me know if you want to talk more about this or need any help!
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4 September 2024 | 6 replies
There are lenders that will finance newbies, even at 100% of the purchase & rehab, but if the numbers do not make sense, the chances of that deal getting to the table are thin (especially if the lender wants to help borrowers succeed, not help them fail).The lender's underwriter looks at every deal, but especially the lesser experienced operator's deal to determine what is exposed vs what is the return.
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4 September 2024 | 9 replies
Hope this helps.
5 September 2024 | 6 replies
BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.