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21 December 2018 | 1 reply
Hello Biggerpockets,I am looking for Private Money Lenders near Aiken, SC or Augusta, GA.
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23 December 2018 | 10 replies
I pay 10% to my private lenders.
27 December 2018 | 5 replies
I'm wondering should I use a private money lender to pay off my mortgage so I 100% own the house, begin the renovations, rent it to tenants at approximately $1950 / month, then refinance my house?
21 December 2018 | 0 replies
I'm wondering should I use a private money lender to pay off my mortgage so I 100% own the house, begin the renovations, rent it to tenants at approximately $1950 / month, then refinance my house?
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2 January 2019 | 38 replies
@Tracey Wittke and no realtor, private owned
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29 December 2018 | 10 replies
The FHA says that examples of such problems include but are not limited to the following: Missing handrailsCracked or damaged exit doors that are otherwise operableCracked window glassDefective paint surfaces in homes constructed post-1978 (because of lead paint hazards)Minor plumbing leaks (such as dripping faucets)Defective floor finishes or coverings (worn through the finish, badly soiled carpeting)Evidence of previous (non-active) wood-destroying insect/organism damage where there is no evidence of unrepaired structural damageRotten or worn-out counter topsDamaged plaster, sheetrock or other wall and ceiling materials in homes constructed post-1978Poor workmanshipTrip hazards (cracked or partially heaving sidewalks, poorly installed carpeting)Crawl spaces with debris and trashLack of an all-weather driveway surface=================There are many areas, however, where the FHA does require problems to be remedied in order for the sale to close.Electrical and Heating The electrical box should not have any frayed or exposed wires.All habitable rooms must have a functioning heat source (except in a few select cities with mild winters).Roofs and Attics The roofing must keep moisture out.The roofing must be expected to last for at least two more years.The appraiser must inspect the attic for evidence of possible roof problems.The roof cannot have more than three layers of roofing.If the inspection reveals the need for roof repairs and the roof already has three or more layers of roofing, the FHA requires a new roof.Water HeatersThe water heater must meet local building codes and must convey with the property.Hazards and NuisancesA number of conditions fall under this category.
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27 December 2018 | 4 replies
We do that here in Dallas, we use private money to close on our wholesale deals and the we list on the MLS.
22 December 2018 | 2 replies
How do you get the phone number for privately held companies...LLC's, etc...I have the name and address...any tricks to finding the phone number?
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20 April 2019 | 8 replies
Yet that street looks a bit shoddy and the house layout is just odd, can't seem to identify the property lines either.I'd like to keep the address private for now but will definitely post it once its over.
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2 January 2019 | 13 replies
I use private money, rehab the building (force appreciation), refinance and try to get my money back out.