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24 February 2025 | 9 replies
I inherited 5.6% of a commercial property that is worth approximately $27m with $11m remaining on a loan.
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30 January 2025 | 24 replies
They should do a cash out refinance or a HELOC when rates go down to tap the equity.
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23 January 2025 | 3 replies
Woohoo! My offer got accepted for an investment property in Pennsylvania. Next up is a huge financial hit: closing costs. I just signed a bunch of disclosures from my lender and after reading them it has me thinking, ...
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13 January 2025 | 1 reply
Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.
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3 February 2025 | 6 replies
In-person interactions are great for building trust with potential investors.Real Estate Platforms:BiggerPockets: A robust platform for connecting with private lenders and investors.Fund That Flip, PeerStreet, Groundfloor: Online platforms connecting investors with real estate projects.Social Media Groups: Facebook and LinkedIn groups dedicated to real estate investing often have private investors or lenders looking to connect.Personal Network: Often overlooked, but friends, family, and colleagues may know individuals interested in investing.Private Money Brokers: If you're working on wholesaling deals, you may find brokers who have established relationships with private money lenders.Real Estate Agents: Some agents have connections with private investors, especially those focused on investment properties.For your 50% LTV, it's good to approach investors who may be interested in lower-risk, high-equity deals.
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19 February 2025 | 5 replies
Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources.
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20 February 2025 | 12 replies
I have been an investor since 2009 and work as a loan originator since 2018 all in Dallas.
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13 February 2025 | 1 reply
As a loan officer, I've seen a few people go through the same scenario of basically breaking even.
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14 February 2025 | 0 replies
30-Year Conventional: 7.01%30-Year VA Loan: 6.40% Drive Safely, Las Vegas!
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3 February 2025 | 27 replies
It's an awesome way to learn while building equity.