Tamara V.
Using a hard money lender
Hello BP community, so I am considering making an offer on a property (my first) but I'm going to be using a hard money lender. My questions are: When using a hard money lender is the offer presented to the seller as ...
Alexander Teague
My Current Path to financial freedom-Weighing investment options
Age-34, Single in ArizonaCurrent Net worth-$24K USD in Stocks, 10K in Roth IRA. *I am just starting to put money away as I cleared all of my debts in the last half year.Debt-$0Salary-$75K gross, which is $52.5K N...
Jeff Tumbarello
FRB_MoneySuppy_1959-2009_090609 - The Future With Some Disgusting Clarity
So, I was doin' what I do when sleep doesn't happen... I shoulda
knocked myself out instead.
This fresh-off-the presses FRB Report can be found at:
http://www.feder...
Denise Mayo-Walley
Help! Is my property over-insured?
Good evening everyone,IIt may sound silly but I need help determining if my first investment property is over-insured. I have a 3/2 SFR I purchased in 6/2014 for $98,500 in Houston. I estimate the property to be wort...
Gerich Fellermann
Seller & Lender communicated to have appraisal raised
Hi all,I am working on a turnkey in Kansas City, MO and the appraisal (ordered by me through company referred by Lender) returned an appraisal that was $21k below the contract price ($162k ->$141k). The seller the...
Keith Smith
Potential tenant with no SSN
Had a potential tenant who contacted me and stated her husband doesn't have a SSN. On my application I have applicants must have a SSN but never really thought why someone wouldn't have a SSN. Why wouldn't someone hav...
Laura Da Silva
203k rollercoaster investment!
Hello everyone
My name is Laura and I am a current home owner. I purchased my first 2 family home back in December of 2016.
I qualified for a 203k HUD loan and I was assigned a contractor whom took a full year to "c...
Gage Coffman
Rental payment from tenant
Hello Everyone,
I’m new to the rental game and bought my first one within the past month. I’ve been following BiggerPockets for about 2 years before buying so I’m a huge fan of this service. I have a tenant who was t...
Christopher P.
Assignment fee situation and questions
[b]Seller asking for $175,000(firm), market value is $230,000 and ARV is $330,000 minimum. The end buyer is a investor looking to close all CASH and will pay for closing cost. Both sides will be aware of the assignm...
Herndon Davis
13 Rules to Vetting Private Money Lenders
Don't let your excitement and determination to get a deal funded blind you to the notorious red flags of so called Private Money Lenders. Believe me I know, I've dealt with enough PMLs to see the red flags before they...