Andrew Nesbitt
Hard Money question (I dont want to get ripped off)
I've read on here a bit, but I would like to know what is a standard rate for a newbie getting a HML. From looking on the internet I see tons of advertisements saying 8-12%, 2 to 5 points, 6 months to 7 years. Bu...
Sol Dubnov
stuck with construction financing
Hi,
We've purchased a 2 unit fixer in cash as an investment but can not get a loan for remodeling it even though we have equity in the property. We own a primary residence on which we make mortgage payments. The re...
Matt Robinson
What is FHA's 90 Day Anti-Flip Rule?
What is FHA's 90 Day Anti-Flip Rule?Question: What is FHA's 90 Day Anti-Flip Rule?For a number of years now, FHA has enforced a 90 day anti-flipping rule which prevents an investor from reselling a home to a buyer usi...
Blake Schreckhise
Using a HELOC to pay off my home quickly.
Just heard about a friend of a friend who is using a HELOC with the intention of paying off his home quickly. The basic idea is that you use a HELOC to pay off your original mortgage. Then instead of having your free ...
Jon Klaus
How much is your highest rent?
How much is your highest rent? What is the unit like? Is it a good investment compared to your other properties?
Tyler Hubarth
HELOC to fund deals?
Anyone else out there using a HELOC on their primary residence to fund their REI? Both of my buy and hold deals were funded exclusively from my HELOC, which I then refinanced into a traditional mortgage. Because of fo...
Todd Garrison
Rich Dad "Advanced Training" seminars?
Has anyone taken the plunge and attended any of the "Advanced Training" courses put on by the Rich Dad Education company? Last fall I attended a three day seminar put on by Rich Dad Education, but because of the steep...
Bryan Hancock
List of Self-Directed IRA Companies
I am working on building a list of self-directed IRA companies. Here is what I have so far:
1. Entrust
2. Equity Trust
3. Pensco
4. Sterling
5. UDirect
6. Asset Exchange Strategies
7. American Pension Service...
Bryan Hancock
Is It Ethical To Structure Seller Financing on Wrap Transactions With the Intent to Default?
This subject has been poked around in several posts on BP and I am interested to know what others' opinions about it are. For the purpose of this thread "seller financing" is defined as follows:
1. The seller has a...
Thomas Williamson
How I bought ten homes in 2.5 years
Hi everyone, I’m still relatively new to Bigger Pockets, and I had a recent colleague request ask that I post this to help others out. The question is, how did I go about purchasing ten houses in 2.5 years. I wish t...