Marcus Clouse
Does hardmoney lender ask for building permit for spec home before you own the land?
We are in the process of finding a HM lender to finance a lot and spec build.We have a lot that we want to purchase and already have the plans and have built this house numerous times already.One lender is asking to...
Daryl Meehan
Investor from New Jersey
Hello everyone! My name is Daryl Meehan. I currently reside at the Jersey Shore with my wife and three lovely daughters. While I have a background in finance, I am relatively new to real estate investing and I am look...
Cory Newton
Is it possible to use a 203k loan for a rehab,flip
Does anyone know if you have to live in a property you get a 203k loan for or if you can use that loan for a flip
Francisco Trejo
Is this Legal for lenders.
Hello BP community, today i was notified by my loan broker that the rate on my loan just went up 5.75 on a cash out refi for a triplex here in L.A. This is a no doc loan based on income from property.
I started th...
James Byrd
Newb - How do Banks treat HML when doing a Re-Fi?
Thanks in advance. I have zero financial background, and I’m trying to wrap my cranium around the finance part of BRRRR.
Bottom Line Up Front (BLUF): if I use a personal friend to loan me money to buy my first prope...
Daren H.
Looking for Advice with Subject-To with Delinquent Payments
I have done a subject to transaction in the past which turned out well. I have a current seller who is willing to do a subject to deal. Here is the scoop. Seller says he is ~$5,400 behind on payments. We discussed sel...
Manuel Savorelli
Question re Exit Strategy for Buy and Hold with Private Money
Getting ready to purchase first MFR property with private money and I'd like guidance on the exit strategy. A lot of the material posted deals with rehabs and cashout-refi of x% of ARV. My question(s) is for buy a...
Sydney Tiffany
How to refinance if unable to get conventional financing
How would someone who is unable to get conventional financing through a banking institute go about getting a project (BRRRR) refinanced? Am I seemingly out of luck? Is my only option to partner with someone who is abl...
Daniel Suarez
Property in 2 member LLC now what
My partner and I bought a property cash under an LLC with the idea to BRRRR it. We fixed it up and rented it for more than 6 months now but realized that LLC interest rates are very high. So I'm looking at a couple of...
Han T.
Self-Originating Promissory Note and Mortgage
Hi All,A few questions here.1. Have anyone self-originated a promissory note (pledging their properties as first lien with a mortgage note) before? What I mean is, instead of finding banks, FHA, commercial loans or Ha...