Hi, I'm a relatively recent home flip investor. There's a property going for $200K where I've been offered an equity participation and optionally the debt side. Is there a good case for doing both equity and debt?
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13 unit 2 buildings
Income: $125,440
Expense: $70,321
NOI: $55,119
Loan: 12 month, $35,000
10% interest only payment
$3,500/12= $291.67
21.8% IRR
12 month Ballon = $42,000
$42,000 - $35,00= $7,000
Payday #1=...
Is it possible to purchase a home outright for cash, get a HELOC on it to get $ for renovations, then get financing on the property after paying off the HELOC? Not sure if HELOCs are only available on homes that have ...
Hello BP
Cultivating a positive mental attitude is essential, imo, to live a life which you are fulfilled mentally, physically, spiritually and financially.
My positive mental attitude has helped me through some of...
Maybe a dumb question but what the heck. My primary home has a first mortgage but the SBA has a lien on my home and in 2nd position. This lien will fall off in 9 years according to an attorney but I don't want to wa...
Hi, i'm new to hard money lending and am considering a deal where I'd loan 150k (gated for land purchase, arch plans, grading, foundation). Once the bank loan goes through I would be second position which I know is ...
Hi everyone,
I have read many of the posts and replies to posts referencing the foreclosure process here and have also gone through the BP Foreclosure book which has been incredibly helpful so far.
I have a more s...
Can a private money lender or hard money lender offer 2nd Lien financing to cover 100% LTV on an investment property to buy and hold?
Are your rental properties struggling to generate positive cash flow due to the rising cost of homes and stagnant rental rates? You’re not alone. I’m going to introduce you to a game-changing strategy that can help ...
I have loaned (2nd position) to a flipper using my SDIRA. A hard money lender was utilized for the 1st position loan. The property was purchased around mid-August 2018 and placed on the market in November 2018. It is ...