Jack Hurdle
Where to get down payment?
So I get that you use some sort of loan to buy a house if you dont have cash. Where do you get the 10 to 20 percent down payment from?Is that from savings? Hard money?If from a private lender, what kind of terms are g...
Clinton Holmes
Ideas on Creative Financing for a Real Estate Development Company
Hello fellow BPers!I've been working with a Real Estate Development start-up in Massachusetts (rehabbers) as a consultant. They have completed 2-3 projects, they have 3-4 that are currently active, and have 6-7 solid ...
Tammy Harper
Do we need a sewer camera inspection?
Just received this message from our inspector.
"I wanted to recommend a sewer camera inspection. This would identify any blocks, breaks or if there is any debris in the main sewer line. Would you be interested in hav...
Reece Riggle
creative financing for rentals
I am in the process of buying 3 rental houses. These are currently under contract and pending financing. This is a package deal for $130,000. My estimated value for the 3 homes is $220,000 once a $40,000-$45,000 remod...
Samuel Lacroix
Need validation on my financing set up.
I just want to make sure my math and thought process is right about this.I'm currently looking into a 335k projet that need 75k (cashdown, legal fees, some repair, etc). I would buy with my father. I pour 30k cash and...
Nathan Gesner
Private lender Line of Credit?
I actually have two questions:1. Do private lenders provide lines of credit? Or do they only lend on deals as they come up?2. Do hard money lenders only lend to people within the states the lender covers? In other wor...
Jordan Black
Property Line in the middle of House
Today while searching for new properties in my area I ran across a home that looked to be in the middle of a re-model. It was purchased a year prior at $85,000 and now listed for $34,000, so it grabbed my attention. I...
Nathaniel Hernandez
Cash purchase and refi
Hello everybody, I wanted to know how long you have to wait to refi or get a line of credit on a property when you buy the house cash or with a hard money loan? Im interested in purchasing a property cash with either ...
Bobby Christoulakis
What to do while I wait for the market to relax.
I currently have 7 properties all with 50% or more equity in them. I want to continue to purchase more properties but the local market is too high right now. In my opinion it will calm down in the next 5-8 years, at t...
Robert Nicklin
New venture 50/50 with partner advice and suggestions
Hi Bigger Pockets, Checking my profile and this it my first post! I have spent so much time on BP and listening to the podcasts, its hard to believe.I am looking at a fix and flip of a multi unit with an experience co...