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Results (10,000+)
Alice Huang First MF under contract! Commercial lending help please
20 January 2022 | 13 replies
Not sure how to approach it (re: funding, loan apps and etc)Here are the numbers:Total units: 7 (4x 2 beds, 3x 1 bed)Purchase price - $675,000Renovations - $20K estimated on one unit but it can be deferred Current as is ARV (estimated) - $950K Current Rents - $6,050 (all month to month lease)Projected Rents - $9,000 (market)Taxes - $20,000Current NOI - $33,310Any pointers would be appreciated on how to proceed, what to look out for and etcWe close in 60 days.
Selah Abrams What should I ask about these deal terms?
20 January 2022 | 2 replies
TermsRate: as low as 12%Term: up to 24 monthsNo personal guaranteeNo title insurance required (perfect for tax deeds still in redemption)No minimum FICO score4% origination feeUp to 80% LTVNo minimum term lengthGeorgia, Florida, and TexasInterest only loanMinimum financing amount $50K per applicationMust hold Recorded Deed for all parcelsFunding Process:1 Online application in under 5 minutes2 Preapproval from underwriting3 Sign contract with $40 app fee4 Asset review and final underwriting5 Funds wired within 1 business day of signing and closingPerfect for: Flips1031 exchangesResidentialCommercialMulti-unit purchasingVacant land dealsVacation and short-term rentalRV and manufactured home parkSelf-storageTax deeds still in redemption periodNot Accepted (DO NOT APPLY):Any lien properties2nd Position not accepted, must be 1stLack of clear ownershipIf you don’t have the deed in YOUR NAME
Jack Sorenson Forming a Deal With a Partner (my dad)
19 January 2022 | 3 replies
It could be a gift, or it could be a loan, other in his mind.Communication is the corner stone to a good partnership---pop him a call on your cellular and find out his side of it.Then the two of you can discuss other options if you think his option is not best.[2] He might want some control over you as a newbee to make sure you don't steer the ship into the rocks and put the whole investment into Davy Jones Locker.
Liam Delumpa What is the best Bookkeeping Software for investors?
19 January 2022 | 4 replies
I use Wave Apps for accounting and RentmindMe for PM.
Zach VanDeYacht Quick and easy way to evaluate a deal
19 January 2022 | 0 replies
It's a free app called "CDS Rental Calculator".
Jeremy Levine Best video making app for Airbnb buisness
25 January 2022 | 2 replies
I was wondering what tools/ apps people are using to make and share “how to” videos with their STR guests.
Ian Miller NJ Multi Family Investing
16 April 2022 | 5 replies
Follow me on IG ShawnsellsNJRE, the meetup app, its also on BP. 
Dean Belcher First rental. short term leasing, Pool, AZ, questions.
27 January 2022 | 4 replies
Dose anyone have advise on apps or programs that can help me automate certain portions to streamline.
Greta Hansen Begg Picking the best path--First REI
25 January 2022 | 5 replies
Many in my app pool will be with section 8 vouchers. 
Aaron Lietz Wholesaling is like the music business - CHANGE MY MIND
30 January 2022 | 26 replies
In wholesaling, I can download an app and start knocking doors.