Hi BP family,
My name is David Gbamele I live in Greensboro NC and work as an Engineer at CISCO Systems in Research Triangle Park also known as RTP.
I've been learning about multifamily for a couple of months now an...

You should be seeking quotes for the Replacement Cost of the Building (cost to rebuild with the same kind & quality), coverage should be for Special Form (sometimes called All Risk Coverage).  

I have a pre approval for a conventional loan at the moment but I would like to know what things do you look for when seeking out a hard money loan?

Seeking a quick summary of how it works?  

You're wise to seek out professional help. 

Hi all,Wondering if anyone has any advice for the best way of paying for a down payment for an out of state investment (not owner occupied).I'm in contingency for a $200k property that I'll be putting 25% down on so I estimate close to $60k in upfront costs.I have the following pools to choose from:$20k in savings$28k in a self-directed Roth IRA (18k of which is principal)and almost $100k in a company sponsored 401kI've heard various things this year with regard to opportunities to pull from 401k without penalties, but I'm still unclear on all the ramifications.

I am seeking advice.I recently purchased my first house with a 5% downpayment.

I particularly like the suggestion of financing other people in the short term to earn a return on that money while you seek your deal.

But since there is a limit to how much money the bank has access to....their rate will be higher...and usually a shorter term....or maybe have a prepayment penalty.  

I did some back of the envelope calculations but you would be better off utilizing the calculator for the answer the are seeking!