Hey BP Community. We are experienced investors in the Cleveland market, we are turning 1-2 properties per month (both rentals/flips). Currently we use a mixture of HML & PML, with our PM mostly from friends and co...
Hello, I Just completed my first BRRRR deal and it went great! So I thought I might share my experience in hopes that it might help some other new investors find the courage to take the next step, because this stuff w...
I have been a BiggerPockets member for several years and this is my first forum post, I am in the Cleveland Market I own 7 properties all have been bought this year. I would like to connect with anyone who is a contra...
I am trying to help a friend out. They have 2 mortgages on their property (150k primary from property purchase and 220k secondary for rehabs) with the home now valued at 435k-465k. They are looking to pay off that sec...
Suppose you borrow private money for a deal and the deal goes bust. Now with a bank mortgage there in normally a 'deficiency clause' allowing the bank to try to seize other assets you may have if the foreclosure proce...
With interest rates on the rise, how have you adjusted your funding strategies? Are you finding more investors turning to private money lenders for quicker access to capital?
I am very new to all of this, so, I am learning a lot every day, Just need someone to clear this up for me. I am now learning that even though I may not have a lot of money saved up, I can use someone else's money (pr...
Hi BP!We’re looking at working with a Private Lender on a Fix & Flip deal and I wanted a “sanity check” from you all on their fees. We’ve never done Private Money before so I just want to make sure that what they’...
I have a question. I am a small lender just lending to investors for flips and refi's. I need to ask anyone that does the same type of lending a question. How long do you hold money for if someone asks you for a loan ...
Hello everyone, I'm not sure if this is the correct forum, so bare with me.I have an offer in on an office Building in Northern Colorado. Its a 3 mill asking price with a 800k seller back. So potentially a no-money do...