Andrey Y.
Okay to ping two different lenders?
Wanted to know what your opinion was on contacting more than one lender, to get approved for a loan for an investment property. I think it may be wise in case one of them gives the better interest rate or terms. Any e...
NA Jones
Glaring holes in our (long) plan? Please, evaluate!
Alright trusted and respected BP family... I apologize in advance for the length of this. I just realized exactly how long it is. Much appreciation for anyone who actually reads this mini-novel and has advice to of...
Dan Favor
Fair return on friends money
fred, dont pay an upfront fee!! when i first started, i wanted that hard money loan bad too. i found a broker who promised me the world with a 'due diligence' fee of 1,000. when i told him no way, he emailed me fo...
Brian R.
Mortgage Fraud? Or Creative financing?
I am thinking about purchasing a multifamily investment in Rochester, NY using an FHA loan so I can take advantage of the 3.5% down [possibly the 203k if it needs some improvements]
I would be doing this and ...
Frank Gucciardo
Struggling With First Opportunity Decision
Hi All, I've been lurking here for a while and absorbing a ton of great info.
Here's the situation.
I've been in the education phase and looking for B&H opportunities for the last 3-4 months. I've read up on ...
Maisa Vahedi
Lender Advice
Hi BP folks!I want advice on a lender that I might be working with. She's not asking for any upfront fees, but she does ask for a due diligence fee of upto $75,000 that is held in a escrow account in NY. She is asking...
N/A N/A
Need FSBO help...
Hello all. I have an opportunity to purchase a house from my friend's cousin for the current amount owed on the loan. She currently has ARM finincing, and is about to lose the house because her mortgage is about to ju...
Jeffrey Audije
What ways have you creatively financed a renovation?
Besides a heloc, what other unorthodox ways have you been able to front money or finance a renovation or adu?
Maggie G.
When to form LLC., before or after buying a property?
When to form LLC , before or after buying property? Can I borrow money from the bank for LLC or other form of corporation?When is the perfect time to form LLC, is it when you are beginner investor or advanced one?Whi...
Brad Roche
Using a No-Ratio Loan to buy a Primary Residence
What is a no-ratio loan? Much like a DSCR loan for an investment property- a no ratio loan does not look at your Debt-to-income ratio (DTI). They are mainly focused on your credit score and cash reserves. This is a gr...