Brandon Rabe
New member from Honolulu, HI
25 April 2019 | 20 replies
A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.
Account Closed
Savings vs paying off debt
1 May 2019 | 19 replies
Lets say a bank will lend you up to 45% DTI on a property.
William P.
Loan for property in LLC, how is it underwritten
24 April 2019 | 5 replies
I've found the best rates for lending to an LLC are coming from the "Private Banking" side, which is normally offered to customers who have a larger amount of holdings within the bank
Thomas Williams
New member looking to buy first couple of properties
23 April 2019 | 2 replies
Call around to banks and credit unions and ask them what the minimum property value they will lend on and whether they do blanket loans, and what their seasoning period is--and anything else you may need to ask regarding your own qualifications.
Thomas Thompson
Invest in Rental Property
23 April 2019 | 1 reply
You will also have other lending fees, title fees, inspection fees, appraisal fees, etc.
Sam Lenderman
New Investor getting started in Tampa, FL
24 April 2019 | 5 replies
A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.
Scott Barber
New Into - Hard Money Question
1 August 2019 | 8 replies
Fix and Flip...Fix and Hold....BRRRR...etcHow were the costs of the repairs determinedDo you have the funds to start the project and make it to through the first draw (if the loan is setup that way)Things that make the lender feel better What is your net worthWill you be the general contractor or will you hire oneIf your credit score is low, do you have bankruptciesWhat is the expected time frame to finish the renovationsRemember in hard money lending we feel that each deal should be a win-win-win, so we want to do the deal to help you get started on your project and help our lenders make money.
Sarah M.
1st BRRRR- Refi Question
23 April 2019 | 6 replies
Seasoning generally isn't an issue in the private institutional lending space.
Scott Mac
Syndication - Is a PPM required for 3 or less outside investors?
24 April 2019 | 3 replies
I had a fellow syndicator in Massachusetts tell me that a PPM is not required for 3 or fewer investors.1.
Timothy Mullally
transfer rental house to LLC
24 April 2019 | 2 replies
Wells fargo lended for my first rental but wont do it under the LLC.... not sure what to do or how to buy under llc any help would be great, thanks Tim