James Schiro
Private money finances 25% and gets equity
21 July 2018 | 4 replies
The terms we have agreed to are thisPrivate Money Partner bring the 20-25% down payment, does NO active management other than voting to approve the purchase, and occasionally voting on major items such as time to make large cap-ex purchases, time to sell etc....We do ALL of the work of finding, funding, rehabbing if needed, placing tenants, all ongoing PM and business management.
Brianna Jackson
Newbie advice on financing a medium size multi-family (7 units)
11 June 2018 | 6 replies
Are there any loans where I could claim primary residence (and possibly receive fixer upper funding like a 203k) of a commercial sized property?
Dave Bolduc
Looking at Strata Trust for a self-directed IRA, comments?
5 June 2018 | 2 replies
They will hold the funds, sign every document, cut every check, and receive every deposit.
Lino B.
Tenants Divorce Lawyer withholding funds
7 June 2018 | 5 replies
Hi everyoneTwo months ago I leased my townhouse to a tenant who was divorced or at least I thought so. Apparently she is right in the thick of it. Today I get a letter saying they are going to court to disperse money ...
Ti Jackson
Financing my first deal
5 June 2018 | 4 replies
@Ti Jackson You can go about this a number of ways depending on your financial situation:1) Line of Credit off of your personal residence - You need to have a good amount of equity in order to use this to fund your entire flip.
Account Closed
Straighten me out please!
6 June 2018 | 6 replies
This requires a fair amount of capital though since you usually need to fund the rehab upfront and then you either get your money back from the hard money lender or when you do the refinance.Long leases are better than shorter.
Jeff Lee
Which route of funding if I want to use my 1st rental to fund 2nd
5 June 2018 | 0 replies
I have 805 credit and one rental that is completely paid off at a value of ~$110,000 and is occupied.I would like to borrow against my rental to buy another house (as a rental) all cash.I've contacted two companies an...
Nathan C.
Triplex with Renovation
5 June 2018 | 0 replies
HI BP,I'm in escrow on a triplex; I have the funds to close and fund it all the way through but I am trying to get creative because I see other deals.Purchase: $25kRehab: $40-45k, 6 weeksARV: $90-100kTriplex: 2x 2/1; 1x 1/1Jacksonville FLCB structureOptions:Cashout refi, no seasoning: If I could finish the rehab and start the process for a cashout refi without seasoning, I would then do the deal cash with my own funds.Short term financing during seasoning period (ex: partner with contractor, private money, cheaper hard money?)
Drew Y.
Its beginning to feel a lot like 2005 everywhere I look
9 June 2018 | 98 replies
So I have been watching the interest rates as they have begun to rise and the notional value of risk free treasuries and ten year treasury bonds are approaching 3% .
Matthew T.
Small business tax deffered planning.
6 June 2018 | 4 replies
Things are really now starting to snow ball and it has got me starting to think of diversifying some into index funds and maybe some bonds to great another layer of FIRE protection.