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Hi BP, I have a friend who owns a home worth around $70,000. He owes about $50,000 on a conventional 30 year mortgage with about 20 years left. He moved out of town and has been renting it to someone who approached hi...
I found myself in around $35,000 of debt and every penny I earned just paid interest on my credit cards, forcing me to start borrowing to live each month. It began almost as soon as I turned 18 when I received a pre-a...
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Hi BP community.First post, I'm the seller of a SFR, and will be carrying the Note (seller financing) to help out the buyer/tenant who is someone I know.I have no experience in such deals. Is there agreements/contrac...
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Hello BP community, I am reaching out for advice on a financial decision I made that I am now realizing was a mistake. I used a HELOC on my primary residence to purchase a long term rental investment property. Subsequ...
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Hello, Looking to get advice on what is the best option for my situation. Here it goes: I have an FHA Loan on my primary residence (currently in forbearance) with PMI of $208 per month @ 3.375% interest mortgage rate....
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has anyone used a portfolio line of credit against a brokerage account?
Thinking about using it to make cash offers on MF, then refi MF to repay. So that I could become my own hard money lender at 3-4%. This is abou...
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Dear Jay Hinrichs,
In terms of my loan criteria, Please find my terms listed below to help guide you through
I offer a wide range financing that involves the following and many more.
a) Personal loan (unsecured...
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Is it a good idea to use a hard money loan to invest in a long term real estate property using the BRRRR method if i have little capitol?
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Hello everyone, I need help, I just entered the real estate game, I'm interested in BRRRR strategy, can I use in Europe, for example Germany, does anyone have experience, I read on the forum that wholesale is impossib...
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Currently interested in seeing if anyone has a lender that they use for DSCR first or second lien positions. I know a few lenders go down to 0.75 DSCR but what about a true 0?