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Hello All! I'm a newbie to real estate investing and was wondering if anyone has used dohardmoney.com for hard money lending? They require you to put 3k of your money up front and they finance 100% of purchase price &...
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1. Out of curiosity, what do you find are your top 5 problems that seem to come up with contractors that you've used? 2. What do you think this problem has cost on projects you've been involved with?
I am soliciting proposals from general contractors for extensive rehab work on a rental property. What should I expect these proposals to look like?I asked GCs to provide cost broken down by individual project (e.g., ...
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Let's say I found a deal. Hard Money Lender is requesting 20% down and will finance 80% of purchase price and 100% of the rehab. When it comes to the 20%, I heard that the HML wants to always stay in the first positio...
I know there are a lot of hidden costs in buying a home to live in and even more when buying an investment property. I am trying to figure out how much I can afford without taking on too much risk. I'm planning on a...
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I have my first rental property now put on the market. I am having one or two applicants everyday and some of them really want it and are willing to pay several months upfront. But I am not really interested in “bulk”...
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My partners and I want to go the route of hard money for our first property. What are some good probing questions? What documents do we need to have to complete the process?Thank you in advance
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Hello everyone!I am currently trying to get into my first multi-family deal. The seller is willing to owner finance 75% of the loan but wants the other 25% upfront. Of course, he wants me to cover any closing costs. I...
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Should we replace our beat up front door or just paint it? We have a rental property that the previous tenet destroyed and we want to keep costs down. I think we could help our chances of selling if we replace the doo...
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Hello BP, I’m currently working on my first portfolio loan and have some questions. Here’s the scenario;I’m doing a cash out refinance on two properties I currently own and purchasing two new properties all in one por...