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4 March 2019 | 4 replies
Here is what we do for our BRRRR projects:Buy distressed properties (cash with private lender)Rehab is 20-30K on average Rent it out at the top of the market Refinance (we created forced equity)Repeat the process Rehabbing at a better level provides higher quality tenants and higher rents.
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5 March 2019 | 2 replies
@Ryan RushThere would be private lenders or hard money lenders; who can do a blanket loan; as a fixed DEBT funding; as a loan on the property.Some people go for EQUITY funding with private lenders.
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5 March 2019 | 1 reply
Private money.
6 March 2019 | 8 replies
I have seen similar roof issues while touring other properties in Hamtramck and Detroit, so I know how common it is around here (unfortunately) but what I like about Hamtramck is that there are so many duplexes available here!
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7 March 2019 | 6 replies
Quicken does not sell notes to private investors.
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4 March 2019 | 6 replies
Have you spoken with any private lenders about your property?
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4 March 2019 | 0 replies
Private money loan How did you add value to the deal?
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7 March 2019 | 10 replies
The payments for a partner/private lender over 3 years will be MUCH higher and decrease your flexibility if you find another property to invest in.As far as banks, shop around and make a new post on BP specifically asking for banks that do what you are looking for in your area (or Kansas City which is big and has lots of BP members).
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5 March 2019 | 1 reply
We’re looking at private and hard money already.
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5 March 2019 | 21 replies
I was planning to buy my first rental house at $300K with 50% down, and after just talking to a banker from Chase private client, there's seem to be a better way to do that.My current primary house:Value: 1100Kown: 560Krate: 3%, started at 08/2016 with 7/1 ARMInvestment house:Price 290KIf I take another loan for investment house, the rate would be 5.00 for 30 year fixed.