Taylor Dame
1031 vs LOC vs Hard money
I own a property that is paid off and has a value around 160k and has a cashflow if about $600/month.
My goal is to increase my monthly cashflow by leveraging that property. So far the ways that I thought of were th...
Alexandru Novac
renovation loan or second mortgage for a commercial property
Hi we bought a 8 fam property 8-9 month ago in florida and because of time constraints we closed with a regular mortgage not supplemented by any renovation loan. The property is fully occupied but we intend to renova...
Austin Brushett
Portfolio lending to buy more units
I am looking to buy an off market duplex in my area and am contemplating trying to package a couple houses together as the collateral for a portfolio loan. One house has a conventional mortgage, one I am working on ri...
Joe Daigle
Servicer asking for quit claim deed
My servicer asked for a copy of the quit claim on a note. Is that normal? And should it be a copy but not the original? Thanks for any info provided.
Alex Padilla
How to find funding for unconventional renovation to add units to my mixed use home
I have a mixed use property with 2 units (main home and ADU) where the town has approved an additional 3 units because it's mixed use zoning. I'm estimating the cost will be about 350k since it will be a conversion an...
Cody Bratton
Joint Ventures vs Promissory Notes for Residential Rental Investment
Under the structure of an LLC Partnership, I am looking to partner with Investors starting with Residential Rentals through DSCR loan products. For the first couple of deals I anticipate smaller contributions from up...
Jonathan Napper
55% Owner Financed 45% borrowed = 100% Leverage?
This may be more of a "in theory" question but if borrow all of the downpayment and the owners carry the rest, is that considered a 100% leveraged deal? TONS OF RISK? Or do you guys see it has a 45% leveraged deal?T...
Brennen McConnell
Long term financing for STRs that do not require personal guarantees
My partners and I own and manage a portfolio of 15 short term rentals (STRs) in the greater Cleveland, Ohio area and we are adding more to our portfolio monthly. We would like to utilize more financing for the acquisi...
Joe Daigle
Delivery of Original Documents/fedex or regular mail.............
When you buy a note should the original documents come via regular mail or should it always be via Priority w/signature?
Thanks for responding.
Nathan Williams
I'm a cash flipper but need to scale
Hi all-I'm new to BP and this is my first post, hopefully I am in the right forum. I am currently on my 4th flip. I have been doing them one at a time, because I am using my own cash to purchase the property and fund ...