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So I have my first off market deal. Not 100% sure how to setup the financing side. They want $120k cash. I have little over half that and would need to come up with the other. Do I finance or find a hard money lender?...
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I’ve got a good friend that approached me recently asking for help finding some lending, so I’m bringing it to my BP Braintrust for networking help. My friend is a very successful custom home builder and investor in ...
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what is the best way to fund renovations on a flip project (other than cash)hard money lender, line of credits, credit cards?
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So since I started I purchased my first 2 properties with cash. First one a duplex with $22,000 all in and cashflowing $700 a month. Then a SFH for $30,000 all in and cashflowing $400. I then took a line of credit ou...
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Hello! I currently have 2 houses I have purchased with cash and have just started renovations. I have enough cash to complete the flips but would like to pull my equity out now so that I can purchase more properties a...
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Hey BP,
So let me give you the run down, I currently have a HELOC pulled on my primary mortgage for about 74k (total credit line of 80k) in which I used to purchase my second 4-plex 6 months ago. I close at the end ...
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I am looking to use the HELOC to take the equity from my primary residence and use it as a down payment for an investment property. I am not in a position to use the investment property as my primary residence to hous...
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Hi BP!Beginner RE investor from Columbus, OH here. I had a sit-down with my investing partner @Andrew Vanderford yesterday, and we laid down some new steps on how we can progress further. We are interested in Buy and ...
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When rates were low, I know properties were trading up to a 10x multiple for gross rental income around here.Does anyone know what is actually selling and at what multiple and are there still cash buyers with over a m...
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Investment Info:
Single-family residence fix & flip investment in Barstow.
Purchase price: $95,000
Cash invested: $30,000
Sale price: $150,000