Originally posted by @Patrick Jung:@Ramin R kamalBuy an undervalued property.Look at comparables and recent sales to get an idea of how much a home will go for in that area. 

My original lender confirmed via email that the transfer was legit and the loan was transferred.

Originally posted by @Mike Spero:Our LLC owns a commercial property with a great tenant, we own it free and clear, after all expenses are paid we net about 12k a year.

Originally posted by @Kathie Riedel:Your approach sounds like a Hard Money Lender rather than a Private Lender.

Originally posted by @Daquan Johnson:Hey BP I'm currently  negotiating a pre foreclosure seller is highly motivated.

When they told me how much they wanted, I felt they were a little optimistic with their asking price and their estimated rehab budget, but after a few rounds of negotiating over text, we agreed on a price that was $15k under their original asking.The numbers were:Purchase price: 80kseller repair estimate: 35kARV: 180k to 195kMy hard money lender would only lend up to 65% of the ARV and they chose to go with a conservative number at $175k, so based the 65% rule I had to be all in at $117, so that gave me a budget of $37k. 

Originally posted by @William Wallace:Hey, I was toying with the idea of using a HELOC to fund a non-real estate investment, specifically buying some debt.

This can affect the feasibility of collateralizing your hard money loan, and the refi (you might need two, or three, loans instead of one, which not only increases the difficulty of getting the refi(s) through underwriting, but could mean 2-3 sets of origination and closing costs).

Originally posted by @Kevin Westmoreland:It’s a PHA housing 1 year lease What would you say if the bank called tomorrow and asked you to sign for a new mortgage rate that was 2% higher than the one you have?

Originally posted by @Nik Moushon:Though I agree with never trying to time a bubble or try to predict it and keeping your money on the sidelines is not the best move.